Raymond Chong

Raymond Chong

Raymond Chong is chief executive officer and founder of mortgage referral brokerage firm StarPro Agency

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Latest from Raymond Chong

Concrete Analysis | A smart way for newly arrived Hongkongers to pay the UK’s global tax

Hongkongers starting afresh in the UK have to quickly come to terms with the UK’s tax system. While there’s no way to avoid paying tax, there are a few ways to ease that burden.

Hongkongers starting afresh in the UK have to quickly come to terms with the UK’s tax system. While there’s no way to avoid paying tax, there are a few ways to ease that burden.

24 May 2022 - 12:01PM
Concrete Analysis | How to secure your mortgage on time if you end up in Hong Kong’s mandatory quarantine

If a borrower is subject to mandatory quarantine in Hong Kong and can’t get to the bank in person to complete the deal, it can be a major headache.

If a borrower is subject to mandatory quarantine in Hong Kong and can’t get to the bank in person to complete the deal, it can be a major headache.

5 Apr 2022 - 12:12PM
Concrete Analysis | What to do when a bank calls your mortgage loan? Don’t panic. The problem can be easily fixed

Recently banks have been known to call or cancel a mortgage loan when you are in breach of the declared use of property and engage in cryptocurrency trading.

Recently banks have been known to call or cancel a mortgage loan when you are in breach of the declared use of property and engage in cryptocurrency trading.

11 Jan 2022 - 12:01PM
Concrete Analysis | Why Hongkongers looking to settle in the UK should buy a home before they emigrate

Getting a UK mortgage is actually easier when you are still in Hong Kong – via the ‘buy-to-let’ route. The alternative of building a credit track record from scratch can be daunting for emigrants.

Getting a UK mortgage is actually easier when you are still in Hong Kong – via the ‘buy-to-let’ route. The alternative of building a credit track record from scratch can be daunting for emigrants.

26 Oct 2021 - 6:13PM
Concrete Analysis | Paying cash for your UK home? Beware of some unintended consequences

Hongkongers are reminded of different rules in the UK property market. Paying for homes in cash may lead to unintended consequences down the road, including refinancing and tax implications.

Hongkongers are reminded of different rules in the UK property market. Paying for homes in cash may lead to unintended consequences down the road, including refinancing and tax implications.

17 Aug 2021 - 6:53PM
Concrete Analysis | Handy mortgage tips and pitfalls to avoid for first-time buyers of new houses in Hong Kong

Prospective first-time buyers should equip themselves with all the information on mortgage caps, immediate and stage payments to prevent any nasty surprises in the process.

Prospective first-time buyers should equip themselves with all the information on mortgage caps, immediate and stage payments to prevent any nasty surprises in the process.

22 Jun 2021 - 12:05PM
Concrete Analysis | Getting mortgage pre-approval to ensure a safe landing on your dream home in the UK

Homebuyers can be disappointed when they hastily sign the exchange contract on their dream London house, only to have their mortgage application rejected.

Homebuyers can be disappointed when they hastily sign the exchange contract on their dream London house, only to have their mortgage application rejected.

18 May 2021 - 7:07PM
Concrete Analysis | Hong Kong banks ease up on mortgage approvals as vaccination programme boosts homebuyers’ confidence

As activity picks up, lenders are now looking to approve more mortgage loans, slashing interest rates and offering cash rebates to gain market share.

As activity picks up, lenders are now looking to approve more mortgage loans, slashing interest rates and offering cash rebates to gain market share.

23 Mar 2021 - 12:05PM
Concrete Analysis | Planning to apply for a UK mortgage? Watch your spending and choose property wisely

Applying for a mortgage from a UK bank can be a daunting task, as its approval criteria can be vastly different from that of a Hong Kong bank.

Applying for a mortgage from a UK bank can be a daunting task, as its approval criteria can be vastly different from that of a Hong Kong bank.

15 Dec 2020 - 7:19PM
Concrete Analysis | For Hongkongers, a trusted developer is key when pursuing a dream home in the UK market

Engaging a trusted developer is key to a fuss-free experience when investing in new homes from small and medium-sized builders in the UK market.

Engaging a trusted developer is key to a fuss-free experience when investing in new homes from small and medium-sized builders in the UK market.

27 Oct 2020 - 7:48PM
Concrete Analysis | For BN(O) passport holders, the rising star of Southeast England is a great relocation option

Hongkongers have snapped up some 7,000-odd homes in the UK over the past two months, according to sources. The Southeast of England, notably Reading, could be the next favourite relocation spot for many BN(O) passport holders.

Hongkongers have snapped up some 7,000-odd homes in the UK over the past two months, according to sources. The Southeast of England, notably Reading, could be the next favourite relocation spot for many BN(O) passport holders.

2 Feb 2021 - 12:38PM
Concrete Analysis | Four tips for homebuyers catching a surprise revival in Hong Kong housing market

Hong Kong’s housing market is showing some resilience in the face of rising Covid-19 infections, with prices and buying sentiment on the mend. For first-time buyers, consider some tips from the pros on mortgage applications.

Hong Kong’s housing market is showing some resilience in the face of rising Covid-19 infections, with prices and buying sentiment on the mend. For first-time buyers, consider some tips from the pros on mortgage applications.

4 Aug 2020 - 5:59PM
Concrete Analysis | Which mortgage rate will be a lifesaver for Hong Kong homeowners?

The Hong Kong Mortgage Corporation (HKMC) has recently introduced a pilot scheme for fixed-rate mortgages for 10, 15 and 20 years, with rates fixed at 2.55 per cent, 2.65 per cent and 2.75 per cent, respectively.

The Hong Kong Mortgage Corporation (HKMC) has recently introduced a pilot scheme for fixed-rate mortgages for 10, 15 and 20 years, with rates fixed at 2.55 per cent, 2.65 per cent and 2.75 per cent, respectively.

19 May 2020 - 7:04PM
Concrete Analysis | Looking for an easy way to migrate to the UK? Just invest US$250,000 in Turkish real estate

Hongkongers can get Turkish citizenship by buying property worth US$250,000, which in turn allows them to set up a business in the UK and apply for permanent residency in five years’ time.

Hongkongers can get Turkish citizenship by buying property worth US$250,000, which in turn allows them to set up a business in the UK and apply for permanent residency in five years’ time.

11 Feb 2020 - 6:18PM
Concrete Analysis | Malaysian property provides options for investors seeking escape from Hong Kong unrest

Malaysia has emerged as a popular choice among Hongkongers seeking a safety haven amid long-running political crisis

Malaysia has emerged as a popular choice among Hongkongers seeking a safety haven amid long-running political crisis

10 Dec 2019 - 6:48PM
Concrete Analysis | First-home borrowers must read the fine print as the devil is in the details of Hong Kong’s relaxed mortgage entitlements

However, one should not quickly jump on the bandwagon and rush to buy, because the devil is still in the details.

However, one should not quickly jump on the bandwagon and rush to buy, because the devil is still in the details.

22 Oct 2019 - 6:28PM
Concrete Analysis | Will banks raising their Hibor-linked mortgage rates take the heat out of Hong Kong’s property market? Probably not

Raising the mortgage cap from 2.375 per cent to 2.625 per cent will result in a HK$520 increase in monthly payments on average, which is unlikely to deter prospective buyers, says Raymond Chong of StarPro Agency

Raising the mortgage cap from 2.375 per cent to 2.625 per cent will result in a HK$520 increase in monthly payments on average, which is unlikely to deter prospective buyers, says Raymond Chong of StarPro Agency

25 Sep 2019 - 2:19PM
Concrete Analysis | Here’s what Hongkongers need to know about cash rebates on mortgage transfers

Banks led by HSBC are cutting the money back offers on mortgage refinancing as lenders look to restore their profit margin amid fierce competition.

Banks led by HSBC are cutting the money back offers on mortgage refinancing as lenders look to restore their profit margin amid fierce competition.

16 Jul 2019 - 6:49PM