Banks in Hong Kong are aggressively cutting property valuations as the housing market weakens, threatening to fuel a downward spiral in prices, according to brokerage CLSA Ltd. "The banks’ assessment ... ( read original story ...)
How developer mortgage loans could impact the market
Since about three years ago, leading Hong Kong property developers have been offering mortgage loans for homebuyers to counter tighter mortgage rules that banks have to observe. The Hong Kong Monetary ... ( read original story ...)
Hong Kong Will Add Artificial Islands to Tackle House Crisis
Hong Kong will add artificial islands to counter a runaway property market that’s made the city the world’s least affordable for housing. The government will aim to reclaim 1,700 acres (688 hectares) ... ( read original story ...)
Hong Kong leader promises more land to ease housing shortage
Hong Kong set up a task force on land supply in 2017 and began a five-month consultation process this year. “The land and housing policies did not give any big surprise,” said Thomas Lam, executive di... ( read original story ...)
Hong Kong banks slash property valuations
HONG KONG: Banks in Hong Kong are aggressively cutting property valuations as the city’s housing market weakens, threatening to fuel a downward spiral in prices, according to brokerage CLSA Ltd. “The ... ( read original story ...)
Hong Kong Banks Slash Property Valuations as Home Market Teeters
Banks in Hong Kong are aggressively cutting property valuations as the city’s housing market weakens, threatening to fuel a downward spiral in prices, according to brokerage CLSA Ltd. “The banks’ asse... ( read original story ...)
With few takers on the property market, jittery individual owners cut prices by up to HK$800,000
Hong Kong’s property market is coming under stress. Jittery individual owners, aware of the risks from rising mortgage rates, turbulent stock market and weakening economic outlook, are offering massiv... ( read original story ...)