Property transactions in Hong Kong’s primary and secondary markets have been declining due to the coronavirus pandemic, and the prospect of a near-term revival is not promising.As property prices often fluctuate in an unstable market environment, so too do a bank’s property valuation and in turn the amount of an eligible mortgage loan.While some buyers of first-hand residential properties would choose to pay the purchase price upon completion of the property development at a future date, they…
Source : South China Morning Post
Read more…Hong Kong property agents face ethical duty advising clients on bank valuation, mortgage financing margin
