The monthly mortgage repayment of homeowners in Hong Kong is expected to rise to 70 per cent of their monthly income by the end of this year – the highest level in nearly two decades – as mortgage rates kick upwards and home prices show no signs of abating, according to mReferral Mortgage Brokerage Services.
At present, the affordability ratio – monthly mortgage instalment to median salary income of families living in private flats – was 60 per cent, indicating that Hong…
Source : South China Morning Post
Read more…Hongkongers will feel the squeeze as mortgage rates gain momentum















