Leland Sun

Latest from Leland Sun

Government needs better ways to rein in property prices

In the past three years the government and related agencies have intervened in the property market no fewer than 25 times, introducing additional stamp duties - a Special Stamp Duty and a Buyers' Stamp Duty - and mandating banks to lower their maximum mortgage advance ratios and run increased interest rate stress-test scenarios. Most recently, it doubled ad valorem stamp duty rates.

In the past three years the government and related agencies have intervened in the property market no fewer than 25 times, introducing additional stamp duties - a Special Stamp Duty and a Buyers' Stamp Duty - and mandating banks to lower their maximum mortgage advance ratios and run increased interest rate stress-test scenarios. Most recently, it doubled ad valorem stamp duty rates.

Government needs better ways to rein in property prices
7 May 2015 - 12:48PM
Fixed-rate second mortgages on the table
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Fixed-rate mortgages are looking less attractive
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Liquidity glut fuels mortgage pricing war
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Following Fed rate action counterproductive move
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No need to fear re-emergence of negative equity
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Low rates setting HK up for eventual market fall
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Potential homebuyers' patience rewarded
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Mortgage data is missing  piece in credit puzzle
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Crisis calls for review of mortgage agencies' mission
26 Mar 2008 - 12:00AM
HKMA measures put Hong Kong in good stead to weather property plunge

With the Hong Kong economy heavily skewed towards property investment, the suggestion to increase rates would provide a substantial source of recurrent revenue for the government, unlike stamp duty and land sales, which can fluctuate greatly.

With the Hong Kong economy heavily skewed towards property investment, the suggestion to increase rates would provide a substantial source of recurrent revenue for the government, unlike stamp duty and land sales, which can fluctuate greatly.

HKMA measures put Hong Kong in good stead to weather property plunge
17 Apr 2013 - 5:31AM
Sub-prime loans natural  evolution of easier cash
11 Apr 2007 - 12:00AM