Tag: mortgage

Everywhere I look, I see giant apartment buildings under construction. No, it's not Sydney or Melbourne but Hong Kong. On this 20th anniversary year of the British handover to China, it's more evidence of how much Hong Kong shrugged off the sense of ... ( read original story ...)

June 1 Hong Kong's benchmark stock index finished on Thursday at a 23-month high, bolstered by property shares as Chinese money flowed steadily into the city's market. The Hang Seng index ended up 0.6 percent at 25,809.22, while the China Enterprises Index ... ( read original story ...)

If you speak to any Hong Kong resident, the conversation will invariably be directed to the subject of property prices. That’s no surprise given that earlier this year, Hong Kong was crowned the world’s least affordable city by research organization ... ( read original story ...)

Snaking queues of thousands of prospective apartment buyers in Hong Kong signalled authorities have made no progress in cooling a red-hot property market, where prices are at records. People were lining up last Friday and over the weekend at Victoria Skye ... ( read original story ...)

Chinese Estates Holdings, controlled by Hong Kong property tycoon Joseph Lau Luen-hung’s wife Chan Hoi-wan, has become a big winner in China Evergrande Group’s share price surge, making a profit of more than HK$26 million (US$3.34 million) in just a ... ( read original story ...)

In terms of price per square foot, Henderson's purchase still held the record at about HK$50,000, compared to about HK$13,000 paid by Nan Fung at the Kai Tak site, said Denis Ma, research head at property consultancy JLL Hong Kong. "The price is a bit of a ... ( read original story ...)

May 31 (Reuters) - New mortgage loans drawn down in Hong Kong totalled HK$21.2 billion ($2.72 billion) in April, down 15.0 percent from a month earlier, Hong Kong Monetary Authority (HKMA) data showed on Wednesday. Following is the breakdown of data from ... ( read original story ...)

HONG KONG May 27 Some of Hong Kong's largest commercial banks in the mortgage loans market said they would raise interest rates following the latest round of mortgage tightening measures by the city's de facto central bank. Banks have to set aside more ... ( read original story ...)

HONG KONG May 27 Some of Hong Kong's largest commercial banks in the mortgage loans market said they would raise interest rates following the latest round of mortgage tightening measures by the city's de facto central bank. Banks have to set aside more ... ( read original story ...)

Hong Kong has announced the second set of mortgage-tightening measures in a week to cool a property market that has broken records, taking aim at borrowers with multiple loans and whose income sources come from outside the city in an attempt to reduce ... ( read original story ...)

HONG KONG Henderson Land Development (0012.HK) won a hotly contested auction on Tuesday, agreeing to pay a record HK$23.3 billion ($3 billion) for a commercial property site in the heart of Hong Kong's central business district currently being used as a ... ( read original story ...)

The HKMA hopes that by cutting the amount of financing available to the homebuilder it will discourage the developers from offering generous mortgages to buyers – something seen by most observers as hindering efforts to deflate Hong Kong’s sizzling ... ( read original story ...)

HONG KONG May 12 Hong Kong on Friday imposed stricter restrictions on bank lending to developers, warning there was a need to review credit risks posed by property companies in one of the world's most expensive real estate markets. Home prices in Hong Kong ... ( read original story ...)

SINGAPORE Singapore's Overseas-Chinese Banking Corp (OCBC.SI) said on Thursday it will acquire National Australia Bank's (NAB.AX) private wealth business in Singapore and Hong Kong, increasing its mortgage portfolio by around 4 percent. The city-state's ... ( read original story ...)