Tag: mortgage

Mar.16 -- Peter Churchouse, chairman at Portwood Capital, discusses Hong Kong's property market and why it will be an important issue in the upcoming election for a new chief executive. He speaks to Bloomberg's Rishaad Salamat and Haidi Lun on "Bloomberg ... ( read original story ...)

Hong Kong and Shanghai Banking Corp is cutting mortgage rates to another low of HIBOR plus 1.28 percent, despite the US interest rate hike.For mortgage loans above HK$10 million, the lender has reportedly reduced the rate from the previous H+1.3 percent ( read original story ...)

The Hong Kong government has unveiled eight rounds of counter-cyclical measures to curb home prices since 2009. The authorities have mainly targeted medium and large flats initially. For example, in August 2010, it cut the mortgage loan ratio from 70 ... ( read original story ...)

Hong Kong mortgage rates remain low despite the US deciding to raise interest rates. It will not negatively affect home-buying interest Virginia Kao, head of sales and marketing at Poly Property (Hong Kong) “Hong Kong mortgage rates remain low despite ... ( read original story ...)

Feb 28 New mortgage loans drawn down in Hong Kong totalled HK$25.2 billion ($3.25 billion) in January, down 14.9 percent from a month earlier, Hong Kong Monetary Authority (HKMA) data showed on Tuesday. Following is the breakdown of data from the authority ... ( read original story ...)

The difference is that Singapore has met its target in full while Hong Kong delivers only 47 per cent (and these are not the same type of units). The government could easily restore the market for mortgage loans for eligible households with low and middle ... ( read original story ...)

The Hong Kong Monetary Authority announced the results of the residential mortgage survey for January 2017. The number of mortgage applications in January 2017 decreased month-on-month by 5.6% to 9,914. Mortgage loans approved in January 2017 decreased by ... ( read original story ...)

Visitors take photos at the Kowloon waterfront facing Victoria Harbor that overlooks prime property of Hong Kong. Ultra-rich people grew in Chinese mainland and Hong Kong in 2016. [Photo/Agencies] The Chinese mainland and Hong Kong saw strong growth in ... ( read original story ...)

MTR Corp plans to offer seven property projects for tender over the next 12 months, believed to be the largest number planned in a single year by Hong Kong’s rail operator, after it announced a 21.1 per cent fall in net profit last year on lower property ... ( read original story ...)

HONG KONG -- Hong Kong railway operator MTR saw its net profit tumble 21% on the year in 2016 due to a slower property development market, but the company is getting a boost from mainland Chinese developers competing for land in the territory. Net profit ... ( read original story ...)

Nisha Gopalan is a Bloomberg Gadfly columnist covering deals and banking. She previously worked for the Wall Street Journal and Dow Jones as an editor and a reporter. Chinese companies have been gorging themselves on land in Hong Kong, outbidding the local ... ( read original story ...)

The government owned Hong Kong Mortgage Corporation will offer a public annuity scheme as early as next year to allow retirees to invest a lump sum below HK$300,000 in exchange for a stable monthly income until their death. HKMC chief executive Raymond Li ... ( read original story ...)

Hong Kong’s existing home prices have climbed to a record, fuelled by a surge in demand from local buyers and investors despite taxes and mortgage curbs designed to rein in prices. The Centaline Property Centa-City Leading Index, which tracks sales in ... ( read original story ...)

The Hong Kong dollar is pegged to the greenback and expectations of two to three U.S. interest rate hikes this year will trigger increases in local mortgage rates. Financial Secretary Paul Chan said in his maiden budget address that an improved labor ... ( read original story ...)