{"id":91368,"date":"2018-06-14T08:00:50","date_gmt":"2018-06-14T01:00:50","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hongkongers-will-feel-the-squeeze-as-mortgage-rates-gain-momentum\/"},"modified":"2018-06-14T09:03:25","modified_gmt":"2018-06-14T02:03:25","slug":"hongkongers-will-feel-the-squeeze-as-mortgage-rates-gain-momentum","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hongkongers-will-feel-the-squeeze-as-mortgage-rates-gain-momentum\/","title":{"rendered":"Hongkongers will feel the squeeze as mortgage rates gain momentum"},"content":{"rendered":"


\nThe monthly mortgage repayment of homeowners in Hong Kong is expected to rise to 70 per cent of their monthly income by the end of this year \u2013 the highest level in nearly two decades \u2013 as mortgage rates kick upwards and home prices show no signs of abating, according to mReferral Mortgage Brokerage Services.
\nAt present, the affordability ratio \u2013 monthly mortgage instalment to median salary income of families living in private flats \u2013 was 60 per cent, indicating that Hong…
\n
\nSource : South China Morning Post
\nRead more…Hongkongers will feel the squeeze as mortgage rates gain momentum<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The monthly mortgage repayment of homeowners in Hong Kong is expected to rise to 70...<\/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-91368","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-nLG","jetpack-related-posts":[{"id":109043,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/heres-what-hongkongers-need-to-know-about-cash-rebates-on-mortgage-transfers\/","url_meta":{"origin":91368,"position":0},"title":"Here\u2019s what Hongkongers need to know about cash rebates on mortgage transfers","date":"July 16, 2019","format":false,"excerpt":"\r HSBC\u2019s abrupt and drastic cut in cash rebate on mortgage refinancing from 2.1 per cent to 1.5 per cent last month startled the mortgage industry.\r\rAssuming an average loan size of HK$4 million (US$511,000), the borrower would now get HK$24,000 less cash rebate for refinancing at HSBC.\r\rRefinancing has grown by\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":59348,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-home-price-gain-ease-as-rising-stamp-duty-and-mortgage-lending-tightening\/","url_meta":{"origin":91368,"position":1},"title":"Hong Kong home price gain ease as rising stamp duty and mortgage lending tightening","date":"June 30, 2017","format":false,"excerpt":"\r Hong Kong\u2019s residential prices rose at the slowest monthly pace in four months in May, as the government\u2019s market-cooling stamp duty and the prospect of higher interest rates finally began to show their effects. May\u2019s home prices rose 1.15 per cent, slowing from April\u2019s increase of 2.55 per cent,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":97936,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/thousand-of-hongkongers-snapped-up-new-flats-during-the-calm-before-mangkhuts-landfall\/","url_meta":{"origin":91368,"position":2},"title":"Thousand of Hongkongers snapped up new flats during the calm before Mangkhut\u2019s landfall","date":"September 16, 2018","format":false,"excerpt":"\r Thousands of Hong Kong homebuyers took advantage of Saturday\u2019s calm before a pending super typhoon to get their hands on the second batch of Nan Fung Development\u2019s LP6 flats in Tseung Kwan O, casting aside any concern of rising mortgage rates, or the city\u2019s first bear market in stocks\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":107351,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/tightened-mortgage-lending-has-pushed-hongkongers-into-arms-of-cash-rich-developers-and-their-expensive-property-loans\/","url_meta":{"origin":91368,"position":3},"title":"Tightened mortgage lending has pushed Hongkongers into arms of cash-rich developers and their expensive property loans","date":"May 22, 2019","format":false,"excerpt":"\r Squeezed out of owning an old home in the city by tightened mortgage rules, Hongkongers are increasingly buying smaller but more expensive new apartments. Unable to apply for an adequate mortgage from banks, they are turning to developers, who provide loans amounting to as much as 90 per cent\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":114974,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hongkongers-under-siege-as-banks-turn-wary-on-mortgage-loans-with-jobs-in-virus-hit-sectors-on-the-line\/","url_meta":{"origin":91368,"position":4},"title":"Hongkongers under siege as banks turn wary on mortgage loans with jobs in virus-hit sectors on the line","date":"March 18, 2020","format":false,"excerpt":"\r Hongkongers are facing a crunch time as the coronavirus pandemic induced the deepest labour-market retrenchment since 2011, making lenders wary of lending to people in the most vulnerable sectors.Some 134,100 people lost their jobs last month, according to government data, driving the unemployment rate up for a fifth straight\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":146649,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-hong-kong-flats-at-early-lights-uppland-project-draw-tepid-response\/","url_meta":{"origin":91368,"position":5},"title":"New Hong Kong flats at Early Light\u2019s Uppland project draw tepid response","date":"August 4, 2024","format":false,"excerpt":"\r Hongkongers buy only 17 of 139 new homes available in the New Territories project as record mortgage rates continue to dampen sentiment.\r \r Source : South China Morning Post\r Read more...New Hong Kong flats at Early Light\u2019s Uppland project draw tepid response","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\/91368"}],"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=91368"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/91368\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=91368"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=91368"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=91368"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}