Hong Kong’s approved mortgage loans surged to a one-year high in May as more homebuyers sought to refinance their existing loans amid lower bank rates, according to data from the Hong Kong Monetary Authority (HKMA). Banks approved HK$26.6 billion (US$3.39 billion) worth of loans in May, a 5.3 per cent rise from a month earlier,…
Competition is intensifying in Hong Kong’s new residential property market as improved sentiment and declining mortgage rates have prompted developers to offer attractive prices to entice buyers. Homebuyers snapped up just 58 of the 100 flats on offer on the first day of sales at Uni Residence in Tai Wai, agents said. Five out of…
Competition is intensifying in Hong Kong’s new residential property market as improved sentiment and declining mortgage rates have prompted developers to offer attractive prices to entice buyers. Homebuyers snapped up just 58 of the 100 flats on offer on the first day of sales at Uni Residence in Tai Wai, agents said. Five out of…