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

TOP PICKS

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

Thomas Lam

Thomas Lam, director of Head of Research & Consultancy at Greater China, Knight Frank, is a chartered surveyor and has extensive experiences in the real estate industry, with specific experience in market research, corporate advisory, valuation, real estate finance, investment advisory and business development in Asia Pacific markets (ex-Japan). Prior to joining Knight Frank, Thomas was the director at a surveying firm overseeing research, corporate advisory and valuation services in China and Hong Kong. Thomas started his career with Sallmanns as an assistant valuer. He then joined Colliers International and was responsible for consultancy and valuation services in China and elsewhere in the Asia Pacific region. Thomas has also worked with Credit Suisse in real estate finance and securitisation projects in China.