The prospect of US interest rates being kept near zero until late-2014 may keep a lid on any rises in Hong Kong home loan rates, but will not be a magic wand for the sluggish local property market, say analysts.Wednesday, 1 February, 2012, 12:00am
With HSBC planning to raise mortgage interest rates for the fifth time this year, charges for home loans appear to be returning to their historic levels, analysts say.
Other banks may follow HSBC's lead, said Sharmaine Lau Yuen-yuen, chief economist at mReferral Mortgage Brokerage Services.17 Sep 2011 - 12:00am
It is easy to get a credit card in Hong Kong. Banks make a lot of money from this business and, to attract new customers, they offer promotions such as cash coupons and free subscriptions on pay-television channels.
People who sign up thus enter a world of potentially steep fees and interest expenses.1 Aug 2011 - 12:00am
HSBC will raise its mortgage interest rate based on the Hibor, or Hong Kong interbank offered rate, today - meaning that, for the first time, Hibor-based mortgages may cost more than mortgages based on the prime lending rate.7 Jul 2011 - 12:00am
The Hong Kong Monetary Authority tightened home lending for properties priced above HK$6 million and, for the first time, imposed extra restrictions on mortgages to non-resident borrowers.11 Jun 2011 - 12:00am
Arcane policy discussions going on at the US Federal Reserve will soon start to seem very real to Hong Kong mortgage holders.6 Jun 2011 - 12:00am
Bankers have a message for householders: the days of historically low interest rates may be numbered.16 Apr 2011 - 12:00am
How worrisome are property bubbles for the banking system? Based on the recent subprime and then global financial crises, very worrisome indeed. Property is so important to our economic life because we take it for granted. For households, a home is likely to be the largest single investment.2 Apr 2011 - 12:00am
Some slowdown. Yesterday China's statisticians announced that the mainland's property prices climbed by 12.8 per cent over the year to April (see the first chart below).12 May 2010 - 12:00am
Hong Kong banks are under increasing pressure to raise the lending rates they charge consumers, even though central banks around the world have cut interest rates to ease the financial crisis and avert a global recession.11 Oct 2008 - 12:00am