The two biggest mortgage lenders - Hongkong and Shanghai Banking Corporation and Bank of China (Hong Kong) - have raised their mortgage rates. But this did not deter some investors from rushing into t... ( read original story ...)
How legal Hong Kong loophole helps super-rich homebuyers save millions of dollars
Assuming Pan, a permanent Hong Kong resident, already owns property there, he would have paid a 15 per cent levy in a regular transaction. Stamp duties are made ineffective because there’s a back door ... ( read original story ...)
Hong Kong Office Market Reports Strongest Rental Growth in 3 Years
According to JLL's latest August 2018 Property Market Monitor released this week, office rents in Hong Kong's Wanchai/Causeway Bay areas rose by 1.5% month-over-month in July 2018, their fastest pace ... ( read original story ...)
Poly Property Wins Kowloon Residential Project for HK$3.3B
The Hong Kong Lands Department on Wednesday announced that a subsidiary of China Poly Property, has won a tender for a 3,689-square-metre (39,708 square feet) residential site in Yau Tong, in the sout... ( read original story ...)
Poly Property Wins Kowloon Residential Site for HK$3.3 Billion
The Hong Kong Lands Department on Wednesday announced that a subsidiary of China Poly Property, has won a tender for a 3,689-square-metre (39,708 square feet) residential site in Yau Tong, in the sout... ( read original story ...)
Hong Kong-Macau-Zhuhai bridge will close property price gap between cities, say analysts
The opening of the Hong Kong-Zhuhai-Macau bridge later this year could further narrow the gap between Hong Kong and Macau house prices, both of which recently rose to an all-time high, according to pr... ( read original story ...)
CORRECTED-Hong Kong banks hike mortgage rate, end cheap money era
HONG KONG, Aug 9 (Reuters) - Hong Kong’s top banks are hiking an important mortgage rate, piling pressure on borrowers and raising the risk of a slowdown in one of the world’s most expensive property ... ( read original story ...)
UPDATE 1-Hong Kong banks hike mortgage rate, end cheap money era
HONG KONG, Aug 9 (Reuters) - Hong Kong’s top banks are hiking an important mortgage rate, piling pressure on borrowers and raising the risk of a slowdown in one of the world’s most expensive property ... ( read original story ...)
Hong Kong homebuyers’ first mortgage rate increase in 12 years may come as early as September
Hong Kong banks may increase lending rates for the first time in 12 years as early as September, meaning bad news for the city’s home mortgage borrowers and credit card holders as well as for companie... ( read original story ...)
Hong Kong home prices to face deflation trend by end of year, analysts say
According to Centaline Mortgage Broker, local banks will likely lift their prime rate in September, reflecting the first increase in 12 years. Citibank has forecast that Hong Kong new home prices coul... ( read original story ...)
Hong Kong receives 80 per cent of China’s outbound property investment in second quarter
China’s financial tightening has crippled outbound real estate investment this year to its lowest level since 2015, even as investment towards Hong Kong outperformed and the city emerged as the only b... ( read original story ...)
China’s property outbound investment in first-half hits lowest since 2015: property consultancy
HONG KONG (Reuters) - China’s real estate outbound investment in the first six months fell to its lowest level since 2015, property consultancy firm Cushman & Wakefield (CWK.N) said in a report, mainl... ( read original story ...)
Residential Mortgage Survey Results for June 2018
The following is issued on behalf of the Hong Kong Monetary Authority: The Hong Kong Monetary Authority (HKMA) announced the results of the residential mortgage survey for June 2018. The number of mor... ( read original story ...)
Hong Kong home prices hit another record, but could face headwinds
A 650-square-foot flat on Hong Kong Island would cost nearly HK$11.5 million ($1.47 million), according to calculations using June data from property agency Midland Realty. But after a 27-month-long r... ( read original story ...)