Hong Kong's government is tightening property rules for the second time since November as investors have snapped up multiple units in one shot to qualify for lower tax rates. The new rules, intended to prevent the purchasing of several properties in one ... ( read original story ...)
Hong Kong Property Prices Are Near Their Peak: JPMorgan
Hong Kong housing prices are close to their peak and economically “unsustainable,” said Cusson Leung, managing director at J.P. Morgan Chase & Co.’s Asia Pacific equity research unit. Price increases in the world’s most expensive home market have ... ( read original story ...)
Hong Kong Property Prices Are Near Their Peak: J.P. Morgan
Hong Kong housing prices are close to their peak and economically “unsustainable,” said Cusson Leung, managing director at J.P. Morgan Chase & Co.’s Asia Pacific equity research unit. Price increases in the world’s most expensive home market have ... ( read original story ...)
Hong Kong Concerned About Risks From Developer Mortgages
Hong Kong’s de facto central bank expressed concern about the riskiness of mortgages with high loan-to-value ratios issued by developers, as some analysts are warning that property prices in the city are unsustainable. “The accumulation of these high ... ( read original story ...)
Hong Kong Concerned About Some Property Developer Mortgage Risks
Hong Kong’s de facto central bank expressed concern about the riskiness of mortgages with high loan-to-value ratios issued by the territory’s property developers, and said it may ask banks to take additional steps to manage their exposure to the sector. ( read original story ...)
Hong Kong Buyer Pays a Top Price for Manhattan Apartment
The latest sale, an 8,055 square foot full-floor condominium unit on the 83rd floor of the skyscraper, closed last week for $65.2 million. A Hong Kong address in mortgage documents... ( read original story ...)
Average US 30-year mortgage rate falls to 4.10 percent
Mortgage rates fell to the lowest levels in almost three months ... South Korea thrash India 10-0 in women's AFC Asian Cup qualifier On the same day, DPRK women footballers defeated Hong Kong of China 5-0 under rainfalls, wind and chilly temperature. ( read original story ...)
Fitch: Chinese Banks' Profitability Is Likely to Decline Further
We expect mortgage loans will remain the key loan growth driver in ... Contact: Grace Wu Senior Director +852 2263 9919 Fitch (Hong Kong) Limited 19/F Man Yee Building 68 Des Voeux Road Central, Hong Kong Jaclyn Wang Associate Director +86 21 5097 3189 ... ( read original story ...)
Jinhui Shipping sells final handysize
The 38,462 dwt dry bulker was built in 2012 at Naikai Zosen and is registered in Hong Kong. Jinhui will use approximately 75% of the net sale proceeds received pursuant to the agreement for the repayment of vessel mortgage loan and the remaining portion of ... ( read original story ...)
Q&A with Tim Morgan, owner of ERE
ERE has been meeting with investors on the ground in Hong Kong for over five years and we now have an office ... Interest rate rises and mortgage constraints all frame stable but improving market conditions.The fundamental reason why returns are going ... ( read original story ...)
Markets eyeing outcome of Xi-Trump summit
But counterparts in Hong Kong which had already rallied faced selling pressure ... Perhaps people need to reserve more money to repay their mortgage loans every month as property prices keep rising. Retail sales growth was well below expectations in ... ( read original story ...)
Trump’s Made in America Slogan Doesn’t Fit Ivanka’s Clothing Line
The 56 shipments made since Nov. 8 hailed from Shanghai, Hong Kong and Singapore. NBC News traced 53 of the ... according to a 2012 prospectus for mortgage-backed securities that include a loan on the property. The lease, for more than 20,000 square ... ( read original story ...)
Fed and Trump Has Dollar in Trouble
In Hong Kong, the Hang Seng lost -0.4% ... The Australian Banking Regulator intends to make banks hold more capital against risky mortgage lending. In Europe, it’s been a relatively subdued session with overall market focus remaining on upcoming ... ( read original story ...)
Efforts to suppress Hong Kong property prices have failed, Carrie Lam says
Chief executive-elect Carrie Lam Cheng Yuet-ngor has admitted that efforts to suppress Hong Kong property prices have failed and pledged to tackle the issue with a “starter home” scheme once she assumes office. As home prices rose in Hong Kong for the ... ( read original story ...)