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  • September 23, 2014
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  1. Home loan approvals slide on bubble warning

    Posted Dec 30th 2009, 12:00am by Peggy Sito

    ... shows. New mortgage loan approvals for the primary market rose 20.08 per cent in value, and secondary market transactions fell 16.66 per cent from October, while approvals for refinancing fell ... mortgage loan activity. In the first 28 days of the month, 773 deals were transacted in the primary market, up 21.2 per cent from November, he said. Lee said developers would start selling new ...

  2. CCB (Asia) increases mortgage rate for new home loans

    Posted Jun 20th 2008, 12:00am by Staff Reporter

    ... to raise mortgage rates in a week. The bank said yesterday it raised its mortgage rate for new home loans by 10 basis points from 2.4 per cent to 2.5 per cent, or from 3.1 percentage points below ... not want to take the lead in raising interest rates for home loans. Kenneth Tsin Wai-lun, senior mortgage distribution manager at Bank of East Asia, said banks still faced pressure to raise ...

  3. Mortgage war swells housing loan value to nine-month high of $12.6b

    Posted Apr 26th 2006, 12:00am by Yvonne Liu

    ... triggering mortgage rate adjustments by other lenders and new offers to attract customers. 'I think the refinancing loans will remain high [this month],' said Lau Shun-chuen, an assistant ... this month and next.' Meanwhile, new mortgage loans drawn down last month were little changed at $7.48 billion. In another development, Sun Hung Kai Properties and HSBC yesterday announced ...

  4. Loan size increased for 95pc mortgages

    Posted Nov 20th 2004, 12:00am by Staff Reporter

    ... Kelvin Wong and Ernest Kong The Hong Kong Mortgage Corp (HKMC) has raised its maximum loan size on mortgages with a 95 per cent loan-to-value (LTV) ratio from $5 million to $8 million. ... of residential mortgage loans drawn down in September showed a 22.8 per cent month-on-month increase. 'A number of banks have recently requested the HKMC to extend coverage of the 95 per cent ...

  5. Mainland banks' second-hand home mortgage lending

    Posted Sep 01st 2004, 12:00am by Peggy Sito

    ... for the third. Industrial Bank: Tightened lending since April. Pudong Development Bank: No mortgage loan for homes more than eight years old. Bank of China: Loan-to-value ratio of up to 80 per cent ... Industrial Bank: No change in mortgage lending policy, with loan-to-value ratios of up to 80 per cent. Guangzhou Hua Xia Bank: Maximum loan-to-value ratio 70 per cent. ...

  6. Mortgage lending frozen at Pudong Bank branch

    Posted Jun 13th 2006, 12:00am by Mark O'Neill

    ... it had uncovered problems with 126 million yuan of mortgage loans, with collateral for 32 mortgage loans from the Lujiazui branch faked. It said that it had taken immediate action to obtain ... the Lujiazui branch had granted 89 mortgage loans and the Luwan branch two, for a total of about 400 million yuan, to finance purchases of high-end flats in the city. In a speech at a seminar organised ...

  7. Rift widens over easing of home loan ceiling

    Posted Aug 20th 2003, 12:00am by Raymond Ma, Sophia Wong

    ... speculation. 'The top-up mortgage [insurance premium and interest rate] is now expensive. Secondary sales can be stimulated if buyers can get 80 to 85 per cent mortgage loans,' Mr Churchouse ... us well in keeping the quality of our mortgage portfolio,' Mr Law said. 'I think that at the moment we are happy to use the 70 per cent loan-to-value guideline as a maximum for our ...

  8. Digest

    Posted Mar 07th 2012, 12:00am

    ... Colliers said. However, the company forecasts office demand in the region will continue to soften in the first half of this year. Paggie Leung No holiday fireworks for second-hand-home loans Hong Kong saw a record-low number of mortgage loans for second-hand private properties last month, Centaline Property Agency found. Senior associate research director Wong Leung-sing said ...

  9. Four banks join HKMC in offering c-rate loans

    Posted Mar 24th 2006, 12:00am by Staff Reporter

    ... said. He said Hang Seng Bank, Bank of East Asia, DBS Bank and Citic Ka Wah Bank were the first four banks to agree to offer mortgage loans indexed on the c-rate. However, the c-rate mortgage would only apply to second mortgages or as a top-up loan product, with the four partners holding off on offering it as a first mortgage for the time being. The lending rate for first mortgages ...

  10. Mass-market home prices forecast to decline

    Posted Jul 15th 2011, 12:00am

    ... in the maximum amount that banks could advance on a mortgage loan for homes valued above HK$10 million, from 60 per cent of the value of the property to half. For properties priced from HK$7 million to HK$10 million, the loan amount will be lowered from 70 per cent to 60 per cent. The total loan value must not exceed HK$5 million. Tougher mortgage restrictions were also imposed on non-resident ...




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