Property News · January 10, 2018

Increase in Hong Kong mortgage rate will make renting cheaper in seven out of 10 housing estates


Seven out of 10 housing estates might find buyers discouraged as renting will become cheaper than mortgage payments when the mortgage rate increases to 3 per cent, which might also finally cool housing prices in the world’s least affordable urban centre to live in, according to research conducted exclusively for the South China Morning Post.
Monthly mortgage instalments will exceed rents in 70 per cent, or 37 out of 50 housing estates, if the mortgage rate increases from the current 2.15…

Source : South China Morning Post
Read more…Increase in Hong Kong mortgage rate will make renting cheaper in seven out of 10 housing estates

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