The property market remains red-hot despite last week's policy address in which Chief Executive Donald Tsang Yam-kuen announced new measures to cool the sector.
Angela Wong, a director of real estate agency Midland Realty, says: 'Many people were worried that the policy address could hurt the market.'
However, prices are still heading north and 'other related businesses have also benefited, such as mortgage referral services', says Wong, who is also a director at mReferral, a mortgage referral company jointly set up by Midland and property developer Cheung Kong (Holdings).
'People can shop around at different banks for the best mortgage deal, but it will take up a lot of their time,' she says. 'We provide an information hub on the mortgage market and a one-stop service.'
Mortgage referral services comprise a free hotline which homebuyers can call to find out information from more than 30 banks in Hong Kong. The service is free for buyers, as mReferral charges a commission from banks.
Wong says the service provided differs for each property buyer. 'Depending on the needs and circumstances of a homebuyer, such as the age of the flat and the required mortgage amount, we can suggest a suitable mortgage,' she says.