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Tag: mortgage

Posted on 05/05/2022

Hong Kong’s base rate rises by 50 basis points, as the cost of money makes its biggest one-time jump in more than two decades after US Fed’s decision

"Many mortgage and loan borrowers have never seen such high rates for more than a decade." Hong Kong's commercial banks, which currently maintain their prime lending rates at about 5 per cent, may ... ( read original story ...)

Posted on 04/05/2022

Hong Kong Expecting Mass Residential Price Declines in 2022

While demand for housing in Hong Kong is inherently strong ... is set to climb in the coming months as projects are launched. The relaxation of the Mortgage Insurance Programme will also boost ... ( read original story ...)

Posted on 04/05/2022

What is the minimum size rule for Hong Kong flats and how will it affect home prices and supply?

public attention has been drawn to the size rule that was first introduced in December for the world’s most expensive property market. Developers in Hong Kong have been building more shoebox homes, ... ( read original story ...)

Posted on 04/05/2022

Hong Kong property deals climb to three-month high as owners drop prices to emigrate, offload nano flats

Some homeowners needed to leave Hong Kong quickly when the approval of their overseas immigration ... torrent of larger but still affordable homes come to the market Hong Kong property sales rebounded ... ( read original story ...)

Posted on 03/05/2022

Hong Kong migrants seeking property in the UK need hand-holding, and sometimes a reality check on what they can afford, UK agents say

It is common for new buyers to be unaware of the process of buying properties in the UK, which he described as less efficient and less standardised than in Hong Kong. "Many were making purchases at ... ( read original story ...)

Posted on 03/05/2022

Hong Kong to further ease coronavirus restrictions, bars to open until 2 a.m.

HONG KONG — Hong Kong will further ease COVID-19 restrictions ... had to lay off staff as they struggle to pay rent in one of the world’s most expensive property markets. ( read original story ...)

Posted on 02/05/2022

Hong Kong’s Urban Renewal Authority close to full buyout at To Kwa Wan site after offering host of concessions

Hong Kong’s URA needs land to build subsidised flats faster: chairman “Some property owners do not wish to accept the terms of acquisition due to private reasons and compensation issues,” he said. ( read original story ...)

Posted on 01/05/2022

Hongkong Land Holdings Limited (OTCMKTS:HNGKY) Sees Large Growth in Short Interest

It owns and manages approximately 850,000 square meters of office and luxury retail property primarily in Hong Kong, Singapore, Beijing, and Jakarta. 3 Stocks to DOUBLE This Year The 10 Best Stocks to ... ( read original story ...)

Posted on 30/04/2022

Hong Kong chief executive election 2022: John Lee declares he has no plans to interfere much in the private property market, only aims to ‘stabilise’ it

Please consider supporting SCMP's journalism by subscribing. Hong Kong chief executive candidate John Lee Ka -chiu has said he does not plan to interfere much in the private property market, as his ... ( read original story ...)

Posted on 29/04/2022

Grand Mayfair I in Yuen Long sells out as Hong Kong chief executive candidate John Lee spells out housing policy

Hong Kong chief executive candidate John Lee Ka-chiu’s housing policy is likely to help more Hongkongers get on the property ladder, but he will have to come up with innovative solutions to solve the ... ( read original story ...)

Posted on 28/04/2022

Despite Covid, Hong Kong’s Office Market Enjoys 6 Months of Positive Absorption

The Grade A office market recorded a positive net absorption for the sixth consecutive month in March 2022, despite that the continued Covid social distancing measure, leading to a quiet leasing ... ( read original story ...)

Posted on 28/04/2022

Hong Kong residential transactions slip 1.5% to 2,869 in March

Secondary sales accounted for 94.4% of all transactions. Hong Kong’s residential market was quiet in March, but purchasing momentum in the secondary market gradually picked up, says Knight Frank. Data ... ( read original story ...)

Posted on 28/04/2022

How This Female Billionaire Managed To Sail Through China’s Property Slump – For Now

Wu Yajun, chairperson of real estate developer Longfor, now has a wealth of $15.2 billion. Compared with the 40% drop in net worth from 2021 levels suffered by Country Garden’s Yang Huiyan, 70% by ... ( read original story ...)

Posted on 28/04/2022

New HK Administration Must Focus On Housing Issue

Hong Kong has gone through many struggles over the past few years, first the 2019 protests, then the Covid pandemic. Recently as Hong Kong is ope ... ( read original story ...)

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