• Sat
  • Oct 25, 2014
  • Updated: 12:27am

Mortgage Loan

Banks may cut savings rate less, says HSBC

Hong Kong's banks are expected to follow the next round of interest-rate reductions in the United States, although perhaps not matching the cut in deposit rates, the city's biggest lender says.

Thursday, 31 January, 2008, 12:00am

Foreign banks affected in latest PBOC measure

Loan growth limit cut to 12 per cent

China has once again tightened bank lending to cool an overheated economy and for the first time has widened its restrictions to include foreign banks, mainland banking officials said yesterday.

28 Dec 2007 - 12:00am

Home transactions propel to 10-year record

Property sales in Hong Kong surged to the highest level in a decade last month, as lower interest rates, rising employment and household incomes as well as a strong stock market encouraged more home-buying.

5 Dec 2007 - 12:00am

Buyer Beware

Watch out for added costs when buying commercial property

The decision to invest in commercial property is not one to be taken lightly. While properties can be bought for HK$10 million, buying them is never without risk. You will also need to plan for a few additional costs over the purchase price.

21 Nov 2007 - 12:00am

StanChart raises mortgage rate 25bp to keep pace with rivals

Standard Chartered Bank (Hong Kong) followed its rivals to raise its mortgage rate 25 basis points to 4.75 per cent yesterday in a move to ease pressure on its margins after a recent cut in prime lending rate.

3 Oct 2007 - 12:00am

First-time UK buyers take ire to the streets

Government accused of propping up prices

Britain's first-time buyers have taken to the streets for the first time to protest against high property prices and government policies which they say prop them up. They want tax breaks for foreign buyers that distort the market ended and say investors are 'cannibalising' the sector.

16 May 2007 - 12:00am

Home ownership must be more than a dream

The deep-rooted Chinese cultural desire to own the roof over one's head, combined with rising property prices and interest rates, is leading to a crisis in mainland cities. While the wealthy can fulfil the dream, the rest of society is increasingly falling into a financial bind that the government has promised to tackle, but has yet to adequately respond to.

23 Mar 2007 - 12:00am

Interest income boosts profits at Shenzhen lender

Development Bank posts earnings of 1.3b yuan amid growing loan demand

Shenzhen Development Bank, the first mainland lender controlled by an overseas company, said net profit quadrupled last year because of higher interest income and less provision for bad loans.

22 Mar 2007 - 12:00am

Rising prices hit rental returns

RESIDENTIAL YIELDS IN Britain have edged down in recent years because rising prices have been eroding investment returns, according to property consultants.

Statistics from King Sturge showed average new city apartment yields hovering at 4.7 to 4.8 per cent across the board last year, compared with 5 to 6 per cent between 2002 and 2004.

14 Mar 2007 - 12:00am

Property deals seen increasing 40pc

Property transactions this month are expected to jump about 40 per cent in volume and 60 per cent in value from a year earlier amid the new mortgage war, according to Centaline Property Agency associate research director Wong Leung-sing.

26 Feb 2007 - 12:00am

Chong Hing slashes rates for home loan packages

Chong Hing Bank, formerly known as Liu Chong Hing Bank, is offering home loan packages at rates as low as 4.85 per cent for the full term, one of the lowest on offer in the market, after its name change in December.

1 Feb 2007 - 12:00am

BOCHK earnings surge on wider interest margin

BOC Hong Kong (Holdings), a unit of the mainland's second-largest lender, said first-half profit jumped 34.3 per cent, boosted by higher demand for financial services and wider interest margin.

30 Aug 2006 - 12:00am

StanChart interim profit surges 14pc with boost from Korea unit

Standard Chartered yesterday reported a 14 per cent growth in interim net profit fuelled by a full half-year earnings contribution from SC First Bank that offset surging bad loan charges in Taiwan.

9 Aug 2006 - 12:00am

Trying to stay the heavy hand of developers

Despite China's measures to cool the market, community campaigner Zou Tao wants more

Shenzhen property activist Zou Tao, who has come to the attention of the central government over his campaign to cool rising property prices, believes it is just the beginning of his war against developers.

26 Jul 2006 - 12:00am

Beijing weighs curbs on foreign buying of homes

Measures aim to cool demand for high-end houses and increase the availability of units for middle-income buyers

Seeking to balance social equity with economic growth, the mainland government is looking for ways to limit foreign investment in the property market but is having a hard job fine-tuning measures that hit the intended target.

12 Jul 2006 - 12:00am