Tag: mortgage

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 ...)

If history is any guide,the long queues of property buyers at Hong Kong’s Tsuen Wan residential project last weekend could be the harbinger of a bubble in the world’s most expensive housing market. Hundreds of buyers packed into Cheung Kong Property ... ( read original story ...)

Fitch Ratings has upgraded Hong Kong-based Cheung Kong Property Holdings Limited's (CKP) Long-Term Foreign-Currency Issuer-Default Rating (IDR) to 'A' from 'A-'. The Outlook is Stable. A full list of rating actions is at the end of this commentary. ( read original story ...)

(The following statement was released by the rating agency) Link to Fitch Ratings' Report: Hong Kong Banks 2016 Report Card here HONG KONG, June 01 (Fitch) Fitch Ratings expects tighter regulations on property-related lending to have a material but ... ( read original story ...)

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 ...)