Tag: property

The government’s increased stamp duty on property transactions for non-first-time buyers (to 15 from the lowest rate of 1.5 per cent) introduced in November has cooled the Hong Kong property market. But acting Financial Secretary Chan Ka-keung said on ... ( read original story ...)

Hong Kong mortgages are “statutory” in a form prescribed by the Hong Kong Marine Department and are bi-lingual, in English and Chinese. The mortgage need not be notarised or legalised before it is presented to the HKSR for registration although if the ... ( read original story ...)

As if thumping their noses at the government's market cooling measures, Hong Kong's two largest property agencies have offered prospective homes buyers zero down payment mortgage loans to buy properties. The move could add fuel to the already red-hot ... ( read original story ...)

And the real mortgage rate has been hovering in negative territory between 2010 and the third quarter of last year, underpinning Hong Kong’s home market throughout the six-year period. The Federal Reserve is expected to accelerate its rate hiking pace ... ( read original story ...)

The Hong Kong Monetary Authority said yesterday that the Land Registry will start accepting applications in February for its e-alert service where banks will receive electronic notifications when homeowners take out a second mortgage.The authority said it ... ( read original story ...)

how close is the mortgage industry to actually adopting blockchain into its processes? In some places, it already has been. In October, Bank of China and HSBC began testing blockchain tech on a property valuation system for home loans in Hong Kong – one ... ( read original story ...)

After moving into journalism, he was principal business reporter for Radio Television Hong Kong before the handover to China ... Reserve Chair Janet Yellen has a huge impact on Canadian mortgage rates. That's because mortgage lenders take their cue ... ( read original story ...)

HONG KONG/BEIJING, Jan 14 China's Dalian Wanda Group Co Ltd on Saturday said its revenue for 2016 dropped by 13.9 percent, even as operating income increased 3.4 percent, as a slowdown in the group's commercial property business impacted overall performance. ( read original story ...)

More than half of Hong Kong consumers still want human interaction – especially to deal with complaints (60 per cent) and advice about complex products such as mortgages (54 per cent in Hong Kong). So this is where the focus of getting humans to ... ( read original story ...)

The International Monetary Fund (IMF) has issued a warning on Hong Kong’s economic outlook, highlighting a shortage of housing, an overheating property market, an ageing population and an economic slowdown on the mainland. The report, released on Friday ... ( read original story ...)

With soaring home prices and shrinking unit sizes, it's not unfair to say that Hong Kong isn't a friendly place for prospective home-buyers. But the story is completely different for the territory's top real estate developers. The top 12 property moguls in ... ( read original story ...)

A local buyer has purchased a mansion overlooking Hong Kong’s exclusive Repulse Bay using a method allowing him to avoid property taxes. The house may have fetched about HK$670 million ($86 million), based on the average square-foot valuation of similar ... ( read original story ...)

Home-purchase confidence in Hong Kong took a nosedive of about 21 per cent last quarter as already sky-high property prices continued to rise despite a recent drastic increase in the punitive stamp duty. According to a poll of 1,007 participants by the ... ( read original story ...)

Hong Kong’s richest man Li Ka-shing expects property prices in the city will rise “a little bit” this year, even as the government takes steps to cool the world’s costliest real estate market. The government in November increased the stamp duty to ... ( read original story ...)