Tag: mortgage

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 ...)