{"id":122043,"date":"2021-09-17T06:30:15","date_gmt":"2021-09-16T23:30:15","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hsbc-bochk-among-lenders-staying-away-from-kwai-hungs-mangrove-project-amid-caution-around-mortgage-lending\/"},"modified":"2021-09-17T07:28:27","modified_gmt":"2021-09-17T00:28:27","slug":"hsbc-bochk-among-lenders-staying-away-from-kwai-hungs-mangrove-project-amid-caution-around-mortgage-lending","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hsbc-bochk-among-lenders-staying-away-from-kwai-hungs-mangrove-project-amid-caution-around-mortgage-lending\/","title":{"rendered":"HSBC, BOCHK among lenders staying away from Kwai Hung\u2019s Mangrove project amid caution around mortgage lending"},"content":{"rendered":"


\nHong Kong banks are becoming more cautious in their mortgage lending, particularly for incomplete projects built by smaller developers.HSBC, Bank of China (Hong Kong), Hang Seng Bank, Bank of East Asia (BEA) and Standard Chartered are among lenders that have stayed away from mortgages for uncompleted units at Kwai Hung Group\u2019s Mangrove development, according to sources familiar with the matter. All 130 units at the development in Hung Hom will be up for sale this Saturday.Mortgages for \u2026
\n
\nSource : South China Morning Post
\nRead more…HSBC, BOCHK among lenders staying away from Kwai Hung\u2019s Mangrove project amid caution around mortgage lending<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Hong Kong banks are becoming more cautious in their mortgage lending, particularly for incomplete projects...<\/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-122043","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-vKr","jetpack-related-posts":[{"id":97194,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mainland-developer-aoyuan-hoping-for-us57-3m-profit-on-conversion-of-commercial-kwai-chung-site-into-flats\/","url_meta":{"origin":122043,"position":0},"title":"Mainland developer Aoyuan hoping for US$57.3m profit on conversion of commercial Kwai Chung site into flats","date":"September 4, 2018","format":false,"excerpt":"\r Aoyuan, the acquisitive mainland China developer, is hoping to generate a HK$450 million (US$57.33 million) profit from the sale of residential units being created in a former a 12-storey commercial building in Kwai Chung, in Hong Kong\u2019s New Territories. The company has pencilled in a total target sales price\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":122043,"position":1},"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":120987,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/120987\/","url_meta":{"origin":122043,"position":2},"title":" HSBC,\u00a0Industrial and Commercial Bank\u2026","date":"January 1, 1970","format":false,"excerpt":"\r HSBC,\u00a0Industrial and Commercial Bank of China (Asia) and other major banks in the city have stopped offering mortgage loans for unfinished flats built by heavily indebted property developer China Evergrande in Hong Kong, according to people familiar with the matterThe U-turn on mortgage lending by several banks came after\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":62398,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-home-buyers-not-only-face-spiralling-property-prices-but-also-soaring-management-fees\/","url_meta":{"origin":122043,"position":3},"title":"Hong Kong home buyers not only face spiralling property prices, but also soaring management fees","date":"August 1, 2017","format":false,"excerpt":"\r As Hong Kong home prices continue soaring sky high, so too have management fees, with one developer planning to charge buyers of a so-called \u201cnano flat\u201d in Kwai Chung a monthly HK$4.8 per (US62 cents) per square foot \u2013 one of the highest levels in the New Territories. That\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":55957,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-homebuyers-unfazed-by-tighter-mortgage-rules-as-14000-register-for-chueng-kong-project\/","url_meta":{"origin":122043,"position":4},"title":"Hong Kong homebuyers unfazed by tighter mortgage rules as 14,000 register for Chueng Kong project","date":"May 25, 2017","format":false,"excerpt":"\r Cheung Kong Property Holdings\u2019 Ocean Pride development in Tsuen Wan has become the most sought after project since August last year after it registered 14,000 prospective buyers who were unfazed by the Hong Kong banking regulator\u2019s moves to tighten mortgage lending for investors. Sun Hung Kai Properties registered 16,700\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":18956,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/are-hk-developers-being-too-generous-with-mortgages\/","url_meta":{"origin":122043,"position":5},"title":"Are HK developers being too generous with mortgages?","date":"July 7, 2016","format":false,"excerpt":"\r Buyers are being tempted by 120 percent mortgages Another day, another dollar. Image credit: Krystal T (Flickr) Non-banking lenders are getting a tad too generous. This was the view of the Hong Kong Monetary Authority regarding the phenomenon of high mortgage loan-to-value ratios being bandied by property developers recently\u2026","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\/122043"}],"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=122043"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/122043\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=122043"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=122043"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=122043"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}