HK may cut downpayments for homes if prices keep falling: BOA
Prices seen falling 30% this year as home supply rises and speculative pressure on HK$ lifts interest rates
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Hong Kong
HONG Kong's central bank will probably relax restrictions on downpayments for homebuyers this year should prices continue to drop, according to a Bank of America Corp (BOA) property analyst.
"It's likely to happen," Raymond Ngai, head of Greater China property research at BOA's Merrill Lynch unit, said at a news briefing on Tuesday. "Prices have fallen 8 per cent since September and with another 5 to 10 per cent drop you may see the HKMA relax restrictions," he said, referring to the Hong Kong Monetary Authority.
Share with us your feedback on BT's products and services
TRENDING NOW
Japan stocks look set for new highs in 2025 on earnings, reform
Beijing’s calculated silence on the Iran war
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
