Outstanding individual mortgage loans rose 30.8 per cent at the end of June ... David Ng, Macquarie’s head of China&Hong Kong research, said he was not surprised buyers had been using consumer loans in an effort to bypass the restrictions, with ... ( read original story ...)
Hong Kong shares down as investors eye Fed meeting, China economy
Sept 19 (Reuters) - Hong Kong stocks dipped on Tuesday as traders awaited the ... and announce plans to begin unwinding its $4.2 trillion portfolio of Treasuries and mortgage-backed securities. China Investment Securities (HK) said it expects the Fed ... ( read original story ...)
China, Hong Kong stocks dip as investors await cues from Fed meeting
SHANGHAI: China and Hong Kong stocks dipped on Tuesday morning ... and announce plans to begin unwinding its $4.2 trillion portfolio of Treasuries and mortgage-backed securities. China Investment Securities (HK) said it expects the Fed to "reduce its ... ( read original story ...)
The Hong Kong Housing Market: A Bubble About to Burst?
However, low-interest rates and reduced credit underwriting standards have encouraged mortgages, fueling demand. Currently, at this stage of Hong Kong’s economic environment, many critics predict the bursting of the housing bubble as prices continue to ... ( read original story ...)
Top Hong Kong developer’s property sales slip amid market boom
HONG KONG -- Hong Kong's largest developer by market capitalization, Sun Hung Kai Properties, booked 17% less in property sales at home for the year ended in June, despite a red-hot housing market where prices show no signs of abating. Property sales in ... ( read original story ...)
Hong Kong, Sydney, Shanghai property at risky level, S&P global ratings says
Property prices in the Asia-pacific region have reached risky levels, especially in Sydney, Hong Kong and Shanghai, according to S&P Global Ratings. “Asset prices, especially property prices, today are as stretched as they were before the Asian crisis ... ( read original story ...)
Luxury property buyers in Hong Kong take a break as new offerings slow
Sales of new homes in Hong Kong dipped sharply in July and August in a sign that the property market may have peaked, but prices remained stable, says a report by Knight Frank. The Hong Kong Monthly Report by the international property consultant showed ... ( read original story ...)
DBS Hong Kong launches VR mortgage app
DBS Bank (Hong Kong) has launched DBS Home360, a banking mortgage app in Hong Kong to leverage the power of real(i)ty, to change the way people embark on one of the most important decisions of their lives – buying a home. Partnering with realtor Century ... ( read original story ...)
Young Chinese Graduates Are Fueling Hong Kong’s Property Boom
As Hong Kong struggles with the world’s priciest housing market, a shortage in supply is being exacerbated by mainland Chinese students who come to study and then decide to stay. The graduates may help boost housing demand by 4,000 units a year in the ... ( read original story ...)
Hong Kong’s drawndown mortgage loans in July rise 1.2 pct m/m
Aug 31 (Reuters) - New mortgage loans drawn down in Hong Kong totalled HK$32.4 billion ($4.14 billion) in July, up 1.2 percent from a month earlier, Hong Kong Monetary Authority (HKMA) data showed on Thursday. Following is the breakdown of data from the ... ( read original story ...)
Hurricane Harvey’s lesson for Canadian real estate: Don Pittis
After moving into journalism, he was principal business reporter for Radio Television Hong Kong before the handover to China ... they know they will have to find more cash to pay their monthly mortgage payments. The alternative is they will lose their ... ( read original story ...)
Learning from Harvey as OSFI plans to squeeze the froth out of housing: Don Pittis
After moving into journalism, he was principal business reporter for Radio Television Hong Kong before the handover to China ... they know they will have to find more cash to pay their monthly mortgage payments. The alternative is they will lose their ... ( read original story ...)
Hong Kong Housing Isn’t Really a Market
Flush with liquidity, banks have barely increased mortgage costs even as the Hong Kong Monetary Authority mirrors Federal Reserve rate increases. (The Hong Kong dollar is pegged to the U.S. currency.) A 25-year mortgage is available for as little as an ... ( read original story ...)
Ben Ng
Hong Kong has announced plans to launch a public annuity scheme through the government-owned Hong Kong Mortgage Corporation (HKMC). If you are planning for retirement, you will now face a fresh dilemma: Should you opt for... ( read original story ...)