{"id":117810,"date":"2020-07-15T07:00:07","date_gmt":"2020-07-15T00:00:07","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/thousands-of-homebuyers-face-financing-crunch-as-flat-delivery-rises-and-banks-tighten-loan-scrutiny-amid-economic-slump\/"},"modified":"2020-07-15T08:03:31","modified_gmt":"2020-07-15T01:03:31","slug":"thousands-of-homebuyers-face-financing-crunch-as-flat-delivery-rises-and-banks-tighten-loan-scrutiny-amid-economic-slump","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/thousands-of-homebuyers-face-financing-crunch-as-flat-delivery-rises-and-banks-tighten-loan-scrutiny-amid-economic-slump\/","title":{"rendered":"Thousands of homebuyers face financing crunch as flat delivery rises and banks tighten loan scrutiny amid economic slump"},"content":{"rendered":"


\nSome Hong Kong homebuyers are facing the risk of being shut out of bank financing for flats bought two years ago on a staggered payment plan, as banks have started to tighten lending criteria amid an economic slump.More than 11,000 units in 17 residential projects are due to take delivery in the second half this year, almost double the volume in the preceding six months, according to government statistics and data compiled by Midland Realty.They will come up against possibly stricter\u2026
\n
\nSource : South China Morning Post
\nRead more…Thousands of homebuyers face financing crunch as flat delivery rises and banks tighten loan scrutiny amid economic slump<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Some Hong Kong homebuyers are facing the risk of being shut out of bank financing...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-117810","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-uEa","jetpack-related-posts":[{"id":125786,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/homebuyers-could-struggle-with-mortgages-as-uk-banks-tighten-affordability-tests\/","url_meta":{"origin":117810,"position":0},"title":"Homebuyers could struggle with mortgages as UK banks tighten affordability tests","date":"April 11, 2022","format":false,"excerpt":"\r Brokers warn soaring bills, tax rises and big hike in cost of household basics have forced lenders to recalculate modelsHomebuyers wanting to take out a mortgage could soon struggle to get the size of loan they need, as banks begin taking into account the cost of living crisis when\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":85548,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/australian-home-prices-could-fall-further-as-banks-tighten-loan-rules\/","url_meta":{"origin":117810,"position":1},"title":"Australian home prices could fall further as banks tighten loan rules","date":"April 16, 2018","format":false,"excerpt":"\r A toughening of lax lending standards in Australia is threatening an already cooling property market. An inquiry into misconduct in the financial industry is likely to lead to greater regulation of the nation\u2019s A$1.6 trillion (US$1.2 trillion) mortgage market. Banks have routinely relied on an unrealistically low estimate of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":54115,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-homebuyers-turn-to-finance-companies-as-banks-tighten-mortgage-lending\/","url_meta":{"origin":117810,"position":2},"title":"Hong Kong homebuyers turn to finance companies as banks tighten mortgage lending","date":"May 9, 2017","format":false,"excerpt":"\r Buyers of new flats seeking to minimise their down payments are increasingly choosing home loans from finance companies, which are beyond the reach of the banking regulator, according to a survey. Centaline Property Agency found that nearly 18 per cent, or HK$2.6 billion, of the estimated HK$14.7 billion in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":112067,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/homebuyers-flock-to-showroom-for-bargains-after-hong-kong-lenders-cut-rates\/","url_meta":{"origin":117810,"position":3},"title":"Homebuyers flock to showroom for bargains after Hong Kong lenders cut rates","date":"November 1, 2019","format":false,"excerpt":"\r Response to The Grand Marine can be attributed to low pricing, this week\u2019s reduction in lending rates among local banks and the government\u2019s move last month to ease mortgage financing rules. These are among the measures taken to rejuvenate the housing market, where declines in prices have accelerated in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":116431,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-homebuyers-shun-property-sales-for-the-fourth-weekend-in-a-row-as-they-await-better-deals-amid-a-glut-of-options\/","url_meta":{"origin":117810,"position":4},"title":"Hong Kong\u2019s homebuyers shun property sales for the fourth weekend in a row as they await better deals amid a glut of options","date":"May 16, 2020","format":false,"excerpt":"\r Hong Kong\u2019s property sales flopped for the fourth straight weekend, as homebuyers turned their backs on unsold projects to wait for better discounts, amid a real estate slump in the city\u2019s worst economic contraction in decades.Wheelock Properties sold 13 flats, or 13 per cent of the 101 units on\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":135575,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/what-happens-during-a-credit-crunch-and-how-you-can-prepare-for-one\/","url_meta":{"origin":117810,"position":5},"title":"What happens during a \u2018credit crunch\u2019 \u2014 and how you can prepare for one","date":"March 21, 2023","format":false,"excerpt":"\r Banks will likely tighten lending after the collapse of Silicon Valley Bank and Signature Bank, experts said. It may be harder or more costly to get a loan.\r \r Source : cnbc.com\r Read more...What happens during a \u2018credit crunch\u2019 \u2014 and how you can prepare for one","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/117810"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=117810"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/117810\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=117810"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=117810"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=117810"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}