Property News · May 30, 2017

Caution sounded as developer’s financing schemes seen as enabling highly-leverged home buyers


New flat buyers in Hong Kong are taking advantage of developers’ generous financing plans with larger mortgage sizes, although experts cautioned that the leveraging could amount to heightened risk of defaults should the residential market reverse its rising trend.
The highly geared home owners, many of whom are young buyers, are bound to be the first to feel the pinch in the event of a major drop in property prices, analysts say.
Ivy Wong Mei-fung, managing director of Centaline Mortgage…

Source : South China Morning Post
Read more…Caution sounded as developer’s financing schemes seen as enabling highly-leverged home buyers

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