Property News · September 6, 2018

Rise in big mortgages offered by Hong Kong developers to speed up sales raises default fears


The number of Hong Kong developers providing mortgages for homebuyers hit a record in the second quarter of this year, raising concerns over a possible rise in defaults should an increase in interest rates and falling prices hurt sentiment in the world’s most expensive property market.
Builders offering financing to buyers accounted for 17.4 per cent of total mortgage deals for new flats from April to June, up from 6.5 per cent in January to March, according to data from mReferral…

Source : South China Morning Post
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