Tag: mortgage

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 ...)

HONG KONG A former senior Hong Kong official and a billionaire property tycoon arrived in court on Tuesday to appeal against a corruption charge more than two years after they were jailed in one of the city's most high profile corruption cases. Rafael Hui ... ( read original story ...)

In fact, the government has pledged to do so but has yet to succeed by some measure. For example, the “Hong Kong Property for Hong Kong People” scheme was aimed at helping Hong Kong permanent residents buy their own flat. However, as it turned out ... ( read original story ...)

HONG KONG: New mortgage loans drawn down in Hong Kong totalled HK$24.9 billion in March, up 17.8 percent from a month earlier, Hong Kong Monetary Authority (HKMA) data showed on Friday. Following is the breakdown of data from HKMA: 2017 2017 March Feb M/M ... ( read original story ...)

April 28 (Reuters) - New mortgage loans drawn down in Hong Kong totalled HK$24.9 billion in March, up 17.8 percent from a month earlier, Hong Kong Monetary Authority (HKMA) data showed on Friday. Following is the breakdown of data from HKMA: 2017 2017 ... ( read original story ...)

HONG KONG, April 28 Private home prices in Hong Kong, one of the least affordable places in the world, hit a record high for the fifth month in a row in March, extending its year-long price surge, according to government data released on Friday. Cooling ... ( read original story ...)

Where U.S. interest rates go, Hong Kong’s follow. At least that’s the theory with the territory’s pegged currency system. It’s not always the case. There was a sharp divergence in rates in 2003, when Hong Kong’s economy was hit by the impact of ... ( read original story ...)

Famous for its shoe box apartments and microflats, Hong Kong's property market isn't known for being cheap, taking the crown on multiple occasions for being the most expensive globally. For those living in or considering a move to the city, an interactive ... ( read original story ...)

Almost half of property owners in Hong Kong hope housing prices will go down, according to a survey by the Democratic Party. In telephone interviews with 651 Hong Kong residents between March 15 and 30, it found 46 per cent of 254 respondents who owned at ... ( read original story ...)

Almost half of property owners in Hong Kong hope housing prices will go down, according to a survey by the Democratic Party. In telephone interviews with 651 Hong Kong residents between March 15 and 30, it found 46 per cent of 254 respondents who owned at ... ( read original story ...)

Expats and buyers from China who do not have permanent residency must pay stamp duty of 30 per cent when purchasing homes in Hong Kong, a measure the government rolled out in a bid to cool down the property sector, compared with stamp duty of 15 per cent ... ( read original story ...)

According to chief executive-elect Carrie Lam Cheng Yuet-ngor, “ it may not be feasible to suppress” property prices (“Efforts to curb high home prices fail, Lam admits”, April 2). She said “doing so further will have side effects”. She pledged ... ( read original story ...)