The amount of home loans extended to buyers in Hong Kong is expected to drop to a four-year low this year, as a result of the Covid-19 induced economic recession, which has hit investment demand hard and stalled home sales.Home loans are expected to drop to HK$290 billion (US$37.4 billion), according to an estimate by Mreferral Mortgage Brokerage Services, and HK$296 billion, according to Centaline Mortgage Broker, from HK$341 billion last year. The total number of home loans stood at HK$217.4…
Source : South China Morning Post
Read more…Hong Kong home mortgages expected to drop to four-year low in 2020















