{"id":67324,"date":"2017-09-25T06:02:47","date_gmt":"2017-09-24T23:02:47","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-millennials-take-out-more-mortgages-despite-record-high-home-prices\/"},"modified":"2017-09-25T06:03:54","modified_gmt":"2017-09-24T23:03:54","slug":"hong-kongs-millennials-take-out-more-mortgages-despite-record-high-home-prices","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-millennials-take-out-more-mortgages-despite-record-high-home-prices\/","title":{"rendered":"Hong Kong\u2019s millennials take out more mortgages, despite record high home prices"},"content":{"rendered":"


\nHong Kong\u2019s millennials are becoming better represented in the home buying market, despite the city having the world\u2019s least-affordable prices, taking up one in three new mortgages this year, a new report shows.
\nBut many agents say it\u2019s often their parents who are paying the huge deposits for the flats.
\nMillennials \u2013 who are currently 23 to 37-years-old \u2013 accounted for 32 per cent of total new mortgages in the second quarter of the year, up from 19 per cent in 2013…
\n
\nSource : South China Morning Post
\nRead more…Hong Kong\u2019s millennials take out more mortgages, despite record high home prices<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Hong Kong\u2019s millennials are becoming better represented in the home buying market, despite the city...<\/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-67324","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-hvS","jetpack-related-posts":[{"id":88777,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-millennials-join-red-hot-property-party-snap-up-50pc-of-units-launched-over-weekend\/","url_meta":{"origin":67324,"position":0},"title":"Hong Kong\u2019s millennials join red-hot property party, snap up 50pc of units launched over weekend","date":"May 20, 2018","format":false,"excerpt":"\r Hong Kong\u2019s millennials, fearing that they will soon be unable to afford property in one of the world\u2019s most expensive cities, have joined real estate rush. Buyers snapped up about 250 units in four projects with prices ranging from HK$19,975 to HK$28,235 (US$2,545 to US$3,600) per square feet during\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":149277,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-december-mortgages-shrink-21-1-as-high-rates-drive-homebuyers-to-sidelines\/","url_meta":{"origin":67324,"position":1},"title":"Hong Kong\u2019s December mortgages shrink 21.1% as high rates drive homebuyers to sidelines","date":"January 28, 2025","format":false,"excerpt":"\r Mortgages shrank by 21.1 per cent last month to 6,306 applications from November, according to a statement by the Hong Kong Monetary Authority (HKMA).\r \r Source : South China Morning Post\r Read more...Hong Kong\u2019s December mortgages shrink 21.1% as high rates drive homebuyers to sidelines","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":99774,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-home-sales-flop-as-market-rout-higher-mortgages-deter-residential-property-buyers\/","url_meta":{"origin":67324,"position":2},"title":"Hong Kong\u2019s home sales flop as market rout, higher mortgages deter residential property buyers","date":"October 13, 2018","format":false,"excerpt":"\r Sales of newly completed flats flopped for a second consecutive weekend in Hong Kong, as a stock market rout, rising mortgages and the worsening US-China trade war deterred buyers from two newly completed apartment projects in the city. Nan Fung managed to sell only 100 units, or 20 per\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":97204,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/millennials-and-mainland-chinese-companies-are-the-two-big-factors-in-shaping-hong-kongs-property-market\/","url_meta":{"origin":67324,"position":3},"title":"Millennials and mainland Chinese companies are the two big factors in shaping Hong Kong\u2019s property market","date":"September 4, 2018","format":false,"excerpt":"\r Demographics. One of the most important among the world\u2019s current buzzwords. A casual look around reveals demography underlying health care policy, education policy, housing policy, what lines supermarket shelves, and which ads pop up in your Facebook feed. Hong Kong\u2019s current housing crunch is a crunch as filtered through\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":74528,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/explainer-what-hong-kongs-interest-rate-increase-means-for-hibor-prime-and-mortgages\/","url_meta":{"origin":67324,"position":4},"title":"Explainer: What Hong Kong\u2019s interest rate increase means for Hibor, prime and mortgages","date":"December 14, 2017","format":false,"excerpt":"\r Hong Kong Monetary Authority (HKMA), the city\u2019s de facto central bank, today raised its base lending rate for the third time this year following a similar move by the US Federal Reserve, increasing it by 25 basis points to 1.75 per cent. What is the base lending rate? It\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":31957,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/two-in-three-asian-millennials-still-living-with-parents\/","url_meta":{"origin":67324,"position":5},"title":"Two in three Asian millennials still living with parents","date":"October 28, 2016","format":false,"excerpt":"\r High property prices in the region are preventing millennials from buying their own home. Two in three young adults in Asia Pacific aged between 22 and 29 are happy to live in the family home until they have the financial capacity to live independently, revealed a CBRE survey. CBRE\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\/67324"}],"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=67324"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/67324\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=67324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=67324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=67324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}