Tag: mortgage

Hong Kong - Hong Kong’s existing home prices have climbed to a record, fueled 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 ... ( read original story ...)

After moving into journalism, he was principal business reporter for Radio Television Hong Kong before the handover to China. He has produced and reported for the CBC in Saskatchewan and Toronto and the BBC in London. He is currently senior producer at CBC ... ( read original story ...)

The Hong Kong Mortgage Corporation, wholly owned by the government, plans to launch a public annuity scheme that will allow retirees to invest with an entrance fee of not more than HK$300,000 in return for a lifelong steady monthly income. Compared to ... ( read original story ...)

The Hong Kong dollar is pegged to the greenback and expectations of two to three US 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 labour market ... ( 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 property market is setting new records, quashing attempts by the city’s leaders to tame surging home prices. Existing home prices reached an all-time high in the week ended Feb. 19, according to the Centaline Property Centa-City Leading ... ( read original story ...)

HONG KONG Feb 24 Two mainland Chinese property companies snapped up a piece of Hong Kong residential land at a record-breaking price on Friday, highlighting once again the territory's skyrocketing real estate prices. Unicorn Bay (Hong Kong) Investments ... ( read original story ...)

- Hong Kong citizens continue to see local homes as overpriced and the cooling measures ineffective in stabilising property prices. Housing prices are expected to grow in 2017. - The majority of respondents are unsatisfied with the housing policy last year ... ( read original story ...)

Against a backdrop of an uncertain global macro environment, one constant continues to drive key Asian property markets: The Chinese buyer. Mainland China investors, and their growing appetite for overseas assets, have been a key theme for the property ... ( 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. Andy Mukherjee is a Bloomberg Gadfly columnist covering industrial companies and ... ( read original story ...)

A fund manager is issuing a call to action against a major Hong Kong restaurant chain, claiming that a proposed property purchase would only benefit five current and former insiders. Noster Capital's Managing Partner Pedro de Noronha issued a letter this ... ( read original story ...)

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 ...)