Asia real estate and outbound investment news
Hong Kong’s central bank late Friday eased down-payment requirements for some home purchases, aiming to reboot the weak housing market after a prior relaxation of stress-testing rules failed to foster a sustained turnaround.
For residential properties for self-occupation, the new… Read More>>
As Hong Kong’s residential market slides against a backdrop of rising interest rates, the city’s central banking authority has made it easier to buy a home by relaxing stress-testing rules.
The Hong Kong Monetary Authority announced Friday that it was… Read More>>
Intentional mass mortgage default by homebuyers at a delayed Evergrande project in Jingde town of Jiangxi province late last month has proved contagious, with data from CRIC as of 13 July showing that buyers of 106 projects across 47 cities… Read More>>
The People’s Bank of China has unveiled a new minimum interest rate system for home loans according to an announcement on the central bank’s official WeChat social media account, as the mainland government continues to clamp down on the housing… Read More>>
After 12 years of enjoying rock-bottom interest rates, mortgage-holders in the world’s most expensive city in which to buy a home saw their days of cheap financing come to an abrupt end this past week as some 13 banks announced… Read More>>
Leading today’s Hong Kong real estate news, locals lucky enough to buy a new home will soon be spending an average of 70 percent of their monthly income on mortgage repayment, up from the previous 60 percent as mortgage rates rise,… Read More>>
Singapore home prices are on the city-state’s longest slide in almost two decades, but the authorities running the country’s economy have no intention of letting up on the restrictions that started taking the air out of a historic pricing bubble… Read More>>
Foreign banks seem to be coming under pressure to cut back on US dollar lending to Chinese borrowers as HSBC has suspended new mortgages for some mainlanders buying American homes.
The London-based bank, which was formerly known as the Hong… Read More>>
China’s major banks are expected to soon ease requirements for mortgage loans as the country’s government seeks to ease downward pressure on its housing market.
The anticipated move by the country’s big four state-run lenders, was reported yesterday in the… Read More>>
China’s state-owned banks are wasting little time in implementing the government’s decision to loosen up mortgage credit, as the Agricultural Bank of China announced last week that it would begin offering discounts on home loans starting next month.
According to… Read More>>
