Market Chatter: New Mortgage Rules Pushing Primary Home Markets Ahead

MT Newswires Live11-04 19:11

Hong Kong's homebuyers are buying more new apartments as the market for second-hand flats is cooling down due to the new mortgage rules, The Standard reported Tuesday.

Several companies, including Hang Lung Properties (HKG:0101), Great Eagle Holdings (HKG:0041), and MTR Corporation (HKG:0066), are selling new apartments, usually with some discount. While sales are in the secondary market, the publication noted that the prices are usually down.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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