{"id":89014,"date":"2018-05-22T11:01:39","date_gmt":"2018-05-22T04:01:39","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/is-the-race-to-raise-deposit-rates-the-harbinger-that-could-deflate-hong-kongs-property-bubble\/"},"modified":"2018-05-22T12:04:16","modified_gmt":"2018-05-22T05:04:16","slug":"is-the-race-to-raise-deposit-rates-the-harbinger-that-could-deflate-hong-kongs-property-bubble","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/is-the-race-to-raise-deposit-rates-the-harbinger-that-could-deflate-hong-kongs-property-bubble\/","title":{"rendered":"Is the race to raise deposit rates the harbinger that could deflate Hong Kong\u2019s property bubble?"},"content":{"rendered":"


\nMany of Hong Kong\u2019s largest banks have been in a race to promote fixed-time deposit schemes, themed around Mother\u2019s Day with offers of higher interest rates to attract more savings \u2013 a clear sign that lenders are scrapping over new customers as more capital continues to flow out of the city.
\nWhile most small depositors still earn zero interest on savings accounts, banks are now offering larger depositors higher rates.
\nHSBC, Bank of China Hong Kong (BOC HK), Citi and many…
\n
\nSource : South China Morning Post
\nRead more…Is the race to raise deposit rates the harbinger that could deflate Hong Kong\u2019s property bubble?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Many of Hong Kong\u2019s largest banks have been in a race to promote fixed-time deposit...<\/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-89014","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-n9I","jetpack-related-posts":[{"id":56952,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-property-bubble-is-a-long-way-from-bursting\/","url_meta":{"origin":89014,"position":0},"title":"Hong Kong\u2019s property bubble is a long way from bursting","date":"June 5, 2017","format":false,"excerpt":"\r If history is any guide, the long queues of property buyers seen at the Tsuen Wan residential project last weekend could be the harbinger of a bubble in the world\u2019s most expensive housing market. SCMP, June 3 And what if it is not? I agree that it is a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":50235,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rates-will-do-nothing-to-burst-hong-kongs-property-bubble\/","url_meta":{"origin":89014,"position":1},"title":"Rates will do nothing to burst Hong Kong\u2019s property bubble","date":"March 30, 2017","format":false,"excerpt":"\r Like a perilous high wire act, the Hong Kong property market defies expectations as prices keep rising. But, instead of a rational or irrational correction, this cycle may be the one where the property market spins out of control like a tumbling top and ruins the entire economy. This\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":56794,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/is-hong-kongs-property-market-heading-for-its-biggest-crash-since-1997\/","url_meta":{"origin":89014,"position":2},"title":"Is Hong Kong\u2019s property market heading for its biggest crash since 1997?","date":"June 3, 2017","format":false,"excerpt":"\r If history is any guide,the long queues of property buyers at Hong Kong\u2019s Tsuen Wan residential project last weekend could be the harbinger of a bubble in the world\u2019s most expensive housing market. Hundreds of buyers packed into Cheung Kong Property Holdings\u2019 sales office, vying to get a unit\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":127066,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-buyers-snap-up-70-per-cent-of-new-homes-on-offer-casting-aside-hkmas-75-point-interest-hike-as-banks-deferred-raising-mortgage-rates\/","url_meta":{"origin":89014,"position":3},"title":"Hong Kong\u2019s buyers snap up 70 per cent of new homes on offer, casting aside HKMA\u2019s 75-point interest hike as banks deferred raising mortgage rates","date":"June 18, 2022","format":false,"excerpt":"\r HSBC, Standard Chartered, Bank of China (Hong Kong) and Hang Seng Bank kept their prime rates unchanged this week, even after the city\u2019s de facto central bank raised its base rate by 75 basis points.\r \r Source : South China Morning Post\r Read more...Hong Kong\u2019s buyers snap up 70\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":89014,"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":16176,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/federal-reserve-unlikely-to-raise-interest-rates-in-june-leaving-hong-kongs-real-estate-market-in-a-state-of-uncertainty\/","url_meta":{"origin":89014,"position":5},"title":"Federal Reserve unlikely to raise interest rates in June, leaving Hong Kong\u2019s real estate market in a state of uncertainty","date":"June 10, 2016","format":false,"excerpt":"\r While Federal Reserve chair Janet Yellen appears to be optimistic about the United States economy, many economists believe that the Fed is highly unlikely to raise its benchmark interest rate during next week\u2019s meeting.\r \r Source : South China Morning Post\r Read more...Federal Reserve unlikely to raise interest rates\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\/89014"}],"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=89014"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/89014\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=89014"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=89014"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=89014"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}