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  • July 14, 2014
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  1. Banks turn screws on loans and mortgages

    Posted Nov 24th 2011, 12:00am

    ... Authority, said in Beijing yesterday. 'Mortgage lending declined because property transactions fell while trade financing dropped on slowing trade flow.' Total loans grew by 29 per cent ... sales fell to a six-year low last week after multiple rounds of mortgage rate rises this year as tightened loan supply due to high loan growth and lower Hong Kong dollar deposits sent lending ...

  2. Business - Banking & Finance - LOANS

    Mortgages in Hong Kong to drop this year, says consultant

    Posted Sep 19th 2012, 12:00am by Peggy Sito

    ... Peggy Sito peggy.sito@scmp.com Loans are expected to fall significantly in line with a decline in the number of property sales Mortgages to drop this year, says consultant The number ... 40 per cent of their monthly income, down from the typical 50 per cent. Property buyers from outside Hong Kong with more than one mortgage are now subject to a lower loan-to-property value ...

  3. Lawyer jailed 6 years for HK$10.9m mortgage scam

    Posted Dec 09th 2009, 12:00am by Staff Reporter

    ... Loretta Fong A lawyer was jailed for six years yesterday for conspiring to deceive the Industrial and Commercial Bank of China in a mortgage scam in which two loans totalling more than ... in the case, the judge said. The court had heard that ICBC paid out a total of HK$10,978,500 for mortgage loans secured between June 1, 2005, and July 31, 2006, for two flats in Le Sommet in North ...

  4. November mortgage approvals slump 37.9pc

    Posted Dec 30th 2008, 12:00am by Staff Reporter

    ... Fulton Mak Approvals for housing loans in Hong Kong fell to a 33-month low last month because of a slump in demand and tighter lending from banks amid the global economic crisis. Mortgage ... 'The decline reflects banks' conservative approach in approving home loans, as well as deteriorating market activity amid the financial meltdown,' said Hendrick Leung Lee-chung, ...

  5. Mortgage war breathes new life into home sales

    Posted Feb 27th 2006, 12:00am by Staff Reporter

    ... Foster Wong The property market continues to show signs of a revival, with an escalating mortgage war sparking growing interest among would-be buyers. Secondary home sales in Hong ... a favourable asset class amid the current inflationary environment.' Mr Chiu added that the extension of the home loan interest deduction limit to 10 years from seven years, announced in last ...

  6. Developers team with banks on mortgages

    Posted Jul 30th 2004, 12:00am by Staff Reporter

    ... Ernest Kong Developers are teaming up with banks in offering 95 per cent mortgages to boost sales after Hong Kong Mortgage Corp decided to raise its mortgage insurance scheme's maximum loan-to-value ratio. Swire Properties has teamed up with Hang Seng Bank to offer a 95 per cent mortgage plan for buyers of Ocean Shores in Tseung Kwan O that waives instalments ...

  7. Loans to small developers seen as risk for banks

    Posted Mar 23rd 2011, 12:00am by Lulu Chen

    ... mainland-related loans, small and medium-sized manufacturers or exporters typically represent a substantial portion of Hong Kong banks' loan books for China. Home mortgages are less likely to face ... to 50 per cent from 60 per cent in November. Loan-to-value ratio is the mortgage amount measured against the value of the property. The higher the ratio, the more applicants have to pay ...

  8. Tung rules out relaxing 70pc mortgage ceiling

    Posted Aug 16th 2003, 12:00am by Joseph Lo, Klaudia Lee

    ... A meet-the-people gathering in Tsim Sha Tsui is occasion for public protests Chief Executive Tung Chee-hwa yesterday ruled out the possibility of relaxing the 70 per cent mortgage ceiling ... the session, Yam Tsim Mong District Councillor Henry Chan Man-yu quoted Mr Tung as saying he would not give up the mortgage ceiling to ensure stability of the banking system. 'Many attendants ...

  9. Cheung Kong to keep up mortgage holidays

    Posted Mar 28th 2008, 12:00am by Sandy Li

    ... Sandy Li Developer posts 53pc rise in full-year earnings Cheung Kong (Holdings) will continue to offer deferred mortgage repayment schemes for flats through its financial arm despite the Hong Kong Monetary Authority last week banning banks from offering the so-called 'mortgage holidays'. The announcement came as the developer reported a better than expected full-year ...

  10. Trying to stay the heavy hand of developers

    Posted Jul 26th 2006, 12:00am by Sandy Li

    ... but whether there will be a happy ending for millions of 'mortgage slaves' who spend half their monthly income on home loan repayments is still unknown. Mr Zou, representing the small forces ... selling price of properties resold within five years of the date of purchase. Mortgage loans can go up to a maximum of 70 per cent of the purchase price of a unit of more than 90 square metres. ...




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