Tag: mortgage

Hong Kong banks have relatively small direct exposure to the domestic residential mortgage market, which Fitch Ratings views as a much less significant risk to asset quality than exposure to mainland China. Some borrowers have taken additional mortgages ... ( read original story ...)

HONG KONG Mainland Chinese companies have piled into Hong Kong property in 2015-2016, outbidding some of the territory's most powerful developers to gobble up 29 percent of land sold for development in one of the world's most expensive real estate markets ... ( read original story ...)

HONG KONG -- Hong Kong property tycoon Ronnie Chan Chi-chung came to China's defense on Thursday, saying U.S. President Donald Trump would eventually become realistic and "shut up," amid concerns over a looming Sino-U.S. trade war. "China is not the same ... ( read original story ...)

Jan 26 New mortgage loans drawn down in Hong Kong totalled HK$29.6 billion ($3.82 billion) in December, up 11.7 percent from a month earlier, Hong Kong Monetary Authority (HKMA) data showed on Thursday. The following is the breakdown of data from HKMA: Dec ... ( read original story ...)

HONG KONG Jan 25 China Evergrande Group said it had received approval from the Hong Kong bourse to spin off its property projects, paving the way for the country's largest developer to proceed with a backdoor listing of those assets in Shenzhen. ( read original story ...)

HSBC (0005), which recaptured the leading position in mortgage loans business last year, is reportedly offering mortgages at Hong Kong Interbank Offered Rate + 1.32 percent, down from HIBOR+1.33 percent. Standard Chartered Hong Kong has reportedly also ... ( read original story ...)

A plan to grant the West Kowloon Cultural District Authority (WKCDA) development rights to a giant strip of hotels, offices and homes will not turn the body into a property developer ... upholding the core values of Hong Kong. In a surprise move, Chief ... ( read original story ...)

There was cautious trading by directors and companies ahead of the inauguration of the US president, with insider activity flat while buy-backs fell, based on filings to the Hong Kong stock exchange ... by Cheung Kong Property Holdings of 16.83 million ... ( read original story ...)

Divisional Commander (Intellectual Property General Investigation), Ms Phoebe Wong, said today that Hong Kong Customs would step up inspections in different districts, including at Lunar New Year fairs, and take stringent enforcement actions against ... ( read original story ...)

(Bloomberg) -- Hong Kong’s richest man Li Ka-shing expects property prices in the city will rise “a little bit” this year, even as the government takes steps to cool the world’s costliest real estate market. The government in November increased the ... ( read original story ...)

Data points used to calculate the monthly average living costs in each city comprised of averages for monthly rent for a one-bedroom property close to the city ... the average moving cost of relocating to Hong Kong was the highest, at $3,877.29. ( read original story ...)

Joseph Tsang, JLL Hong Kong’s managing director, attributes the market’s resilience to strong pent-up demand among first time buyers, low mortgage rates and a the large number of cash rich buyers in the market, including mainland Chinese. He believes ... ( read original story ...)

Singapore's three-year decline in home prices could see relief this year as foreign investors who have been turned off by Hong Kong's move to increase the stamp duty for overseas buyers look elsewhere. All the major international real estate agencies are ... ( read original story ...)

Twenty square feet with little space to fit many belongings Wong Ziwa calls this space home. These so called “coffin homes” – an apartment subdivided into many tiny spaces – are common in Hong Kong where property prices are one of the most ... ( read original story ...)