{"id":95469,"date":"2018-08-06T08:01:05","date_gmt":"2018-08-06T01:01:05","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-homebuyers-face-first-rise-in-mortgage-costs-in-12-years-as-early-as-september\/"},"modified":"2018-08-06T08:03:07","modified_gmt":"2018-08-06T01:03:07","slug":"hong-kongs-homebuyers-face-first-rise-in-mortgage-costs-in-12-years-as-early-as-september","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-homebuyers-face-first-rise-in-mortgage-costs-in-12-years-as-early-as-september\/","title":{"rendered":"Hong Kong\u2019s homebuyers face first rise in mortgage costs in 12 years as early as September"},"content":{"rendered":"


\nHong Kong banks may increase lending rates for the first time in 12 years as early as September, meaning bad news for the city\u2019s home mortgage borrowers and credit card holders as well as for companies with heavy debt loads.
\nTheir cue would come from a rise in US interest rates by the Federal Reserve, which analysts see as more likely following increasing signs of strength in the US economy. Hong Kong\u2019s Monetary Authority is obliged to follow US rate changes to maintain the Hong…
\n
\nSource : South China Morning Post
\nRead more…Hong Kong\u2019s homebuyers face first rise in mortgage costs in 12 years as early as September<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Hong Kong banks may increase lending rates for the first time in 12 years as...<\/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-95469","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-oPP","jetpack-related-posts":[{"id":127363,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-homebuyers-snap-up-grant-jetes-new-flats-in-tuen-mun-to-get-ahead-of-rising-mortgage-rates\/","url_meta":{"origin":95469,"position":0},"title":"Hong Kong\u2019s homebuyers snap up Grant Jete\u2019s new flats in Tuen Mun to get ahead of rising mortgage rates","date":"June 25, 2022","format":false,"excerpt":"\r Hong Kong\u2019s biggest mortgage lenders kept their prime rates unchanged immediately after the monetary authority\u2019s June 16 move, giving homebuyers the opening to get ahead of higher borrowing costs.\r \r Source : South China Morning Post\r Read more...Hong Kong\u2019s homebuyers snap up Grant Jete\u2019s new flats in Tuen Mun\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":83845,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hsbc-ends-fixed-rate-mortgage-in-hong-kong-a-week-after-feds-rate-rise\/","url_meta":{"origin":95469,"position":1},"title":"HSBC ends fixed-rate mortgage in Hong Kong a week after Fed\u2019s rate rise","date":"March 27, 2018","format":false,"excerpt":"\r HSBC, Hong Kong\u2019s biggest lender, will stop offering its fixed-rate mortgage plan on Thursday, a week after the US Federal Reserve raised its key interest rate by 25 basis points. The move comes at a time of fierce competition between banks in Hong Kong to attract mortgage customers. The\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":135629,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-property-in-one-grand-jete-post-bumper-sales-as-homebuyers-rush-back-after-banks-held-mortgage-rates-unchanged\/","url_meta":{"origin":95469,"position":2},"title":"Hong Kong property: In One, Grand Jete post bumper sales as homebuyers rush back after banks held mortgage rates unchanged","date":"March 25, 2023","format":false,"excerpt":"\r The long queues were a welcomed sight for Hong Kong\u2019s developers and agents, as rising rates combined with the Covid-19 pandemic to knock the city\u2019s property bull market off its footing.\r \r Source : South China Morning Post\r Read more...Hong Kong property: In One, Grand Jete post bumper sales\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":119371,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/homebuyers-pile-into-new-flats-as-low-rates-spur-them-to-shrug-aside-concerns-of-hong-kongs-fourth-wave-of-covid-19-infections\/","url_meta":{"origin":95469,"position":3},"title":"Homebuyers pile into new flats, as low rates spur them to shrug aside concerns of Hong Kong\u2019s fourth wave of Covid-19 infections","date":"November 28, 2020","format":false,"excerpt":"\r Hong Kong\u2019s homebuyers shrugged aside concerns of a fourth wave of coronavirus infections in the city to snap up new property over the weekend, confident in their belief that mortgage rates would remain low in the near future.Minmetals Land, the property unit of one of China\u2019s largest metallurgical producers,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":156667,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-mortgage-loans-hit-12-month-high-of-us3-4-billion\/","url_meta":{"origin":95469,"position":4},"title":"Hong Kong mortgage loans hit 12-month high of US$3.4 billion","date":"June 30, 2025","format":false,"excerpt":"\r Hong Kong\u2019s approved mortgage loans surged to a one-year high in May as more homebuyers sought to refinance their existing loans amid lower bank rates, according to data from the Hong Kong Monetary Authority (HKMA). Banks approved HK$26.6 billion (US$3.39 billion) worth of loans in May, a 5.3 per\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":170608,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-homebuyers-face-dwindling-discounts-as-property-market-stabilises\/","url_meta":{"origin":95469,"position":5},"title":"Hong Kong homebuyers face dwindling discounts as property market stabilises","date":"February 23, 2026","format":false,"excerpt":"\r May Chan is looking for a home that she can call her own. 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