Bank of Communications, the mainland's fifth-largest commercial lender, said first-quarter profit rose 42.69 per cent as cost control and higher loan growth more than offset a fall in net interest margin.Wednesday, 24 May, 2006, 12:00am
AS THE MAINLAND'S home mortgage market is not as competitive as Hong Kong's, most banks tend to attract customers with better service and greater product variety rather than price cutting.
Buyers can secure mortgage loans in yuan, Hong Kong or US dollars from mainland and foreign banks for luxury properties.19 May 2006 - 12:00am
1986: First mortgage loan by China Construction Bank
1987: Shenzhen conducts first auction of land-use rights
1988: Constitution revised to allow transfer of land-use rights between individual entities, triggering a boom in property development in Guangdong
1993: Austerity measures introduced to clamp down on economic overheating1 May 2006 - 12:00am
Singapore's DBS Group Holdings blames the decline in its loan volume in the past three months, the first in three years, on the mortgage wars in Hong Kong and Singapore.
The group posted a net profit of S$518 million ($2.53 billion) for the first quarter, up 39 per cent from a year ago, while DBS Bank (Hong Kong) recorded a 29 per cent increase in net profit to S$156 million.29 Apr 2006 - 12:00am
Twentysomethings seeking their own homes are giving the market a fresh look
When young twentysomethings start to buy their own homes, as is happening now in Hong Kong, they are clearly making a statement that market conditions are good for them. Not long ago, young homebuyers were unheard of in the market.12 Apr 2006 - 12:00am
Developer opens up a new front with 99.9pc mortgages and record low rates
Cheung Kong (Holdings) raised the stakes in the mortgage war yesterday, pitching an aggressive plan to homebuyers despite signs that property market sentiment may be improving.15 Mar 2006 - 12:00am
Standard Chartered Bank (HK) is to boost its consumer banking unit by hiring more than 100 extra staff this year.
The move follows forecasts of a brighter outlook for the sector after almost five years in the doldrums.
Consumer banking head Benjamin Hung Pi-cheng said deflationary pressure had made for flat growth in Hong Kong over the past four to five years.15 Mar 2006 - 12:00am
Holiday hits sales as homebuyers keep hands in pockets and sights on rates
New home loans hit two-year lows last month as the Lunar New Year seasonal slump and interest rate uncertainty kept new homebuyers out of the market.25 Feb 2006 - 12:00am
Last week's mortgage offers are brightening prospects for cautious buyers
Secondary home sales jumped 40per cent last week as interest rate cuts boosted a market that has been sluggish for eight months.
Property agents said cautious home seekers were more willing to shop after HSBC announced a cut in its mortgage rate last Wednesday and other banks followed suit.22 Feb 2006 - 12:00am
It's happened. The upward march of interest rates has halted the recovery of Hong Kong's property market in its tracks and thrown the brakes on demand for new home loans.6 Oct 2005 - 12:00am