Shanghai banks won't approve mortgage applications where monthly repayments exceed 50 per cent of monthly income. Photo: EPAShanghai banks won't approve mortgage applications where monthly repayments exceed 50 per cent of monthly income. Photo: EPA
Shanghai banks won't approve mortgage applications where monthly repayments exceed 50 per cent of monthly income. Photo: EPA
Thomas Lam
Opinion

Opinion

Concrete Analysis by Thomas Lam

Housing affordability ratio alarming for Hong Kong, Guangzhou, Shanghai

Research shows that home prices in Hong Kong, Guangzhou and Shanghai have risen to levels that are out of reach to the general public

Shanghai banks won't approve mortgage applications where monthly repayments exceed 50 per cent of monthly income. Photo: EPAShanghai banks won't approve mortgage applications where monthly repayments exceed 50 per cent of monthly income. Photo: EPA
Shanghai banks won't approve mortgage applications where monthly repayments exceed 50 per cent of monthly income. Photo: EPA
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