Leland Sun

Latest from Leland Sun

Fixed-rate second mortgages on the table
HK must improve debt markets structure
Fixed-rate mortgages are looking less attractive
Liquidity glut fuels mortgage pricing war
Following Fed rate action counterproductive move
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.

7 May 2015 - 12:48PM

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
No need to fear re-emergence of negative equity
Low rates setting HK up for eventual market fall
Potential homebuyers' patience rewarded
Mortgage data is missing  piece in credit puzzle
Crisis calls for review of mortgage agencies' mission
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.

17 Apr 2013 - 5:31AM

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
Sub-prime loans natural  evolution of easier cash