Tag: mortgage

Flush with liquidity, banks have barely increased mortgage costs even as the Hong Kong Monetary Authority mirrors Federal Reserve rate increases. (The Hong Kong dollar is pegged to the U.S. currency.) A 25-year mortgage is available for as little as an ... ( read original story ...)

Hong Kong has announced plans to launch a public annuity scheme through the government-owned Hong Kong Mortgage Corporation (HKMC). If you are planning for retirement, you will now face a fresh dilemma: Should you opt for... ( read original story ...)

LONDON (Reuters) - Chinese investment in London commercial property has more than trebled since before Britain voted to leave the European Union, most of it channeled through Hong Kong at a time of heightened political uncertainty in the former British colony. ( read original story ...)

HONG KONG: Competition in the mortgage loan business among banks in Hong Kong is heating up, with some partnering with mortgage brokers to offer this year’s lowest mortgage rate to buyers of two new developments in Tsuen Wan. Centaline Mortgage Broker ... ( read original story ...)

Two of Hong Kong’s major developers appear to be locked in a local price war, with Chinachem Group offering a residential project in Tsuen Wan on Wednesday at prices as much as 20 per cent lower than those at Cheung Kong Property’s latest development ... ( read original story ...)

According to a separate report from the Chinese government, Hong Kong’s housing affordability has further deteriorated, with the proportion of income spent on mortgages having risen to 67 percent in 2Q17, compared to that of 56 percent a year ago. ( read original story ...)

Our analysis shows that around 1.27 million households with an income over HKD 28,000 per month can afford to buy private housing using a combination of savings and financing 70-80% of the balance through banks, non-banks and the Hong Kong Mortgage ... ( read original story ...)

“The average mortgage application includes a staggering 500 pages ... of a blockchain technology solution for property valuation by the Bank of China Hong Kong (BOCHK) and Hong Kong Applied Science and Technology Research Institute (ASTRI). ( read original story ...)

Hong Kong’s housing affordability ratio, which measures the proportion of income spent on mortgages, worsened to about 67 per cent for the April-June quarter, the government said on Friday, up from 56 per cent in the year-earlier period. The latest ... ( read original story ...)

The most common misdemeanours this year had been in mortgage and interbank lending ... “Citi is committed to meeting our regulatory obligations,” the bank’s Hong Kong-based spokesman said. “We have completed the necessary corrective actions ... ( read original story ...)

And it just keeps getting more expensive. In the second quarter, the proportion of income spent on mortgages in Hong Kong—a measure known as the housing affordability ratio—hit 67 percent, shooting up from 56 percent earlier in the year, accoriding to ... ( read original story ...)

Hong Kong Dollar, Kuwaiti Dinar and Singaporean Dollar. The mutual will take a limited amount of earned income into its affordability assessment. The rental income must cover the mortgage payments by a ratio of 125 per cent at a 5.5 per cent mortgage rate ... ( read original story ...)

Hong Kong’s property stocks are cheaper than Singapore’s, although not cheap enough to account for the risk that the world’s least affordable city could have a housing crash. That’s according to analysts and money managers from Nomura Holdings Inc ... ( read original story ...)

“The spin-off plan helps Wharf unlock value from its mature Hong Kong assets with strong cash flow,” said Raymond Cheng, a property analyst at CIMB Securities. “It’s good timing as Hong Kong’s luxury retail sales are rebounding.” Cheng added ... ( read original story ...)