Tag: mortgage

And some experts are warning that if this happens, it might not be pretty. "Normalization of U.S. interest rates will eventually raise the mortgage burden of Hong Kong borrowers, posing risks" to the city's export-driven economy and housing market ... ( read original story ...)

The Hong Kong Monetary Authority has warded off speculation with measures like a 15% tax for non-residents and another 15% tax on quick sales. It has made mortgage restrictions extremely tight. There's virtually no overborrowing, and if prices do dip ... ( read original story ...)

Hong Kong’s Urban Renewal Authority announced on Monday the highest acquisition offer on record – of HK$15,383 per square foot – extended to property owners affected by three redevelopment projects in Kowloon. The offers are to be issued on Friday. ( read original story ...)

Hong Kong’s property market has seen steep price appreciation over the past several years – with prices soaring an average of 60 percent in the last five years. Some industry players are worried that the market could be facing a situation similar to ... ( read original story ...)

and technology and innovation," Xi told dozens of Hong Kong's senior officials on Thursday evening, in comments carried by local television. Making housing more affordable in the Asian financial hub, one of the most expensive property markets in the world ... ( read original story ...)

June 30 New mortgage loans drawn down in Hong Kong totalled HK$28.3 billion ($3.63 billion) in May, up 33.5 percent from a month earlier, Hong Kong Monetary Authority (HKMA) data showed on Friday. Following is the breakdown of data from the authority: 2017 ... ( read original story ...)

Property is at the centre of everything in Hong Kong today, much like it was 20 years ago on the eve of the handover. Soon after the handover, prices collapsed, hitting rock bottom in the spring of 2003. They have since clawed their way back up, and some. ( read original story ...)

Prices at Wonderland have risen, waned and risen again, as Hong Kong property has swung through boom and bust to become one of the world’s most expensive markets. The lack of affordable housing has become a major political issue for Hong Kong as it ... ( read original story ...)

As the Union Jack fluttered over Hong Kong’s Victoria Harbour for the last time on June 30, 1997, home prices were hovering near record highs and sellout crowds at new projects were the norm. Twenty years on, property price have hit fresh records and ... ( read original story ...)

Cooling measures? What cooling measures?! If there were any, the property markets in Hong Kong and China do not seem to have noticed them. Developers in Hong Kong either have the financial strength not to be bothered by the lending restrictions or have the ... ( read original story ...)

Hong Kong: Red-whiskered bulbuls start chirping around 5:00 am at Wonderland Villas, a hilltop complex in leafy northern Hong Kong whose own history charts the city's political, economic and social fortunes. Built in 1984, the year colonial power Britain ... ( read original story ...)

The usual suspects for Hong Kong’s sky-high property prices are low interest rates, a housing shortage and demand from mainland China. But there’s another unforeseen factor: divorce. Demand for separations and remarriages have accelerated sharply over ... ( read original story ...)

Risks in Hong Kong’s property market are now “very high,” according to the city’s financial secretary, who says local households could find themselves over-leveraged as interest rates rise. Speaking in Hong Kong’s Legislative Council on Monday ... ( read original story ...)

Homebuyers appear undeterred by the increase in mortgage rates by Hong Kong’s biggest banks this week, snapping up over 95 per cent of flats from the latest batch on offer at Victoria Skye at the old Kai Tak airport site. Demand for apartments remained ... ( read original story ...)