Mortgage Loan

Hang Seng expects drop in new mortgage loans

Nixon Chan

Nixon Chan Lik-sang, the head of retail banking and wealth management at Hang Seng, expects the bank's mortgage business to be in line with the market's performance, "but it will surely fall short of our target set last year, before the government rolled out the fresh measures in February".

Friday, 19 April, 2013, 4:05am

Q & A with our experts, March 27, 2013

Sammy Po

Q: I planned to buy a flat. I heard that buyers have to face a tougher stress test under the new cooling measures released by the government. I'm wondering how it affects my purchase plan.

28 Oct 2013 - 11:41am

Oi Wah Pawnshop could be a sign of the times

Oi Wah Pawnshop Credit

The initial public offering by Oi Wah Pawnshop Credit is tiny at just HK$98 million. But just for being the first pawnshop in Hong Kong to go boldly where no pawnshop has gone before, it has attracted the attention of investors. The IPO was 1,085 times oversubscribed and shares surged 34 per cent on the first day of trading on Tuesday. But the share price plunged almost 7 per cent yesterday as the broader markets fell.

14 Mar 2013 - 2:59am

IPO by pawnshop chain designed to grow mortgage loans

Oi Wah provides cash in return for valuables such as gold, jewellery, watches and even properties. Photo: Felix Wong

Oi Wah Pawnshop Credit started its mortgage business in 2009, with mortgage loans surging to HK$67 million in November last year from HK$4 million in February 2010.

28 Feb 2013 - 5:02am

Opus tenant cancels deal to rent for HK$850k a month

Exterior of Opus Hong Kong at 53 Stubbs Road, The Peak, by Swire Properties. Photo: Nora Tam

A tenant who agreed to pay HK$850,000 a month for a 6,000-square-foot duplex flat at Opus Hong Kong on Stubbs Road near the Peak has cancelled the deal amid tightening housing policies that have curbed property demand.

18 Dec 2012 - 2:58pm

The great attraction of cash extraction

The great attraction of cash extraction

It's still too early for any hard numbers telling us about the impact of the latest government measures aimed at making Hong Kong property more affordable for local buyers.

15 Nov 2012 - 5:02am

British property prices make rebound from post-Olympic slump

British house prices rose for the first time in five months in October.

British house prices rose for the first time in five months in October as the market rebounded from a post-Olympic slump, research consultancy Acadametrics said.

14 Nov 2012 - 3:22am

Australia home-loan approvals gain in September after rate cuts

Housing loans for buyers and builders rose. Photo: Bloomberg

Australian home-loan approvals rose in September for a second month as buyers responded to the central bank's interest-rate cuts.

14 Nov 2012 - 3:22am

New leaders in Beijing face tough decision on property

People view a model of a Beijing development. Demand for luxury property fell after curbs made it harder to get mortgages. Photo: AFP

The prospect of a housing surge is fraying mainland policymakers' nerves.

7 Nov 2012 - 3:16am

Lloyds haunted by loans insurance problems

Lloyds TSB is part of the Lloyds Banking Group. Photo: Bloomberg

Lloyds Banking Group, Britain's biggest mortgage lender, posted a third-quarter loss after setting aside an extra £1 billion (HK$12.4 billion) to compensate clients mis-sold loan insurance.

2 Nov 2012 - 5:30am

Mainland housing funds make borrowing easier

Wuhan has joined other mainland cities in easing the terms for loans from municipal housing provident funds. Photo: AP

Housing provident fund loan policies have been amended in more than 20 mainland cities to make it easier for applicants to raise loans, according to Centaline Property Agency.

31 Oct 2012 - 3:08am

British property prices fall for fourth month running

British property prices fall for fourth month running

British house prices fell for a fourth month in October and a property-market recovery is unlikely without sustained economic growth, analysts at Hometrack said.

31 Oct 2012 - 3:08am

Excluding mainlanders won't allay main property grievance

Excluding mainlanders won't allay main property grievance

On Friday evening Financial Secretary John Tsang Chun-wah announced two new punitive property tax measures aimed at "maintaining a healthy, stable property market".

30 Oct 2012 - 10:08am 14 comments

Ask Melanie: Should we wait to buy our dream home?

Is it worth waiting to buy a dream home?

My wife and I have lived in Hong Kong for a long time and now plan to stay. I'm 61 and drawing a pension. My wife is 54 and wants to work to 65. We easily save HK$44,000 per month. We've got HK$5.2 million in cash, HK$6 million in investments and no debt. We've lived in our North Point flat for many years. Rent is HK$26,000 per month.

22 Oct 2012 - 1:54am

UK house prices drop for third month in a row on weakening demand

House prices stalled in England last month. Photo: Bloomberg

House prices in Britain fell for a third month in a row last month on weakening demand that may continue to weigh on property values, Hometrack said.

3 Oct 2012 - 5:00am