The Hong Kong Mortgage Corporation will introduce enhancement measures for the public annuity scheme - after 30 percent of applicants did not proceed in the first tranche of the plan.Three measures wh... ( read original story ...)
If Hong Kong property market enters downward cycle, we will consider easing measures, says monetary authority chief
Hong Kong’s property market is not in a downward cycle yet, Norman Chan Tak-lam, chief executive of the Hong Kong Monetary Authority, said on Tuesday. “If the property market enters a downward cycle, ... ( read original story ...)
Hong Kong’s competitiveness under threat as limited office land set to run out in 10 years
Hong Kong faces a host issues in the property sector. While the residential supply constraints grab the headlines, there is also an acute shortage of grade A office space in the world’s most expensive ... ( read original story ...)
Hong Kong’s chief executive says she will keep the public purse away from bailing out the property industry
Hong Kong’s government, which has repeatedly warned against speculation in the world’s most expensive property market, said it would keep public money away from any bailouts of the industry, as the ci... ( read original story ...)
Hong Kong’s building boom in tiny flats fizzles out as T-Plus in Tuen Mun gets the cold shoulder
Hong Kong’s era of low mortgage rates ended in September, as banks raised borrowing costs after key interest rates increased in lockstep with the US Federal Reserve’s tightening monetary policy. A Jul... ( read original story ...)
As property prices in Hong Kong fall, public support for the government will rise
The latest data from the Rating and Valuation Department shows the local property market is facing increasing downward pressure. Investment banks generally forecast a 15 to 20 per cent reduction in pr... ( read original story ...)
Hong Kong micro flats will bear the brunt of price slump, says CK Asset executive
Micro-flats, once all the rage in Hong Kong because of their affordability, would bear the brunt of the city’s property price slump, said an executive of CK Asset Holdings, one of the city’s biggest d... ( read original story ...)