Insights
Tag: mortgage
Property cooling measures likely to remain in place until at least Q2 2015
19 May 2014 - Despite proposed revisions to the double stamp duty last week, Secretary for Financial Services and Treasury, Chan Ka-keung, indicated that there is no expected easing of cooling measures in the short term. Taking into account HK’s current low interest rate environment, measures are likely to remain in place until the Fed raises its
Rise in mortgage rate predicted
13 May 2014 – The South China Morning Post reports that mortgage rates are set to rise by as much as 0.25% in 2014. This takes into account the expected increase in US rates and the continued slowdown in the Hong Kong residential sales market that is set to impact the number of loans taken out.
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