{"id":290,"date":"2023-09-14T14:01:51","date_gmt":"2023-09-14T14:01:51","guid":{"rendered":"https:\/\/fountain-rock.com\/en\/?p=290"},"modified":"2023-09-14T14:01:51","modified_gmt":"2023-09-14T14:01:51","slug":"how-will-mortgage-rate-uptick-affect-hks-property-market","status":"publish","type":"post","link":"https:\/\/fountain-rock.com\/en\/how-will-mortgage-rate-uptick-affect-hks-property-market\/","title":{"rendered":"How will mortgage rate uptick affect HK\u2019s property market"},"content":{"rendered":"<p><strong>HSBC raised its mortgage rate by 50bps.<\/strong><\/p>\n<p>The recent uptick in mortgage rates in Hong Kong is not expected to deter demand for properties in the city.<\/p>\n<p>According to Jefferies, the increase in HSBC\u2019s mortgage rate will only lower buyers\u2019 purchasing power by 5%.<\/p>\n<p>\u201cDemand remains robust with net population flow turned positive. Pickup in rental (+4.5% YTD) also confirms living demand is solid,\u201d Jefferies said.<\/p>\n<p>Jefferies underscored that whilst higher mortgage rates reset affordability, entry-level projects remain highly sought after.<\/p>\n<p>Overall, the expert said demand for properties in Hong Kong remains healthy. With interest rates hopefully normalising, Jefferies said the fundamental setup for home prices could improve next year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>HSBC raised its mortgage rate by 50bps. The recent uptick in mortgage rates in Hong Kong is not expected to deter demand for properties in the city. According to Jefferies, the increase in HSBC\u2019s mortgage rate will only lower buyers\u2019 purchasing power by 5%. \u201cDemand remains robust with net population flow turned positive. Pickup in rental (+4.5% YTD) also confirms living demand is solid,\u201d Jefferies said. Jefferies underscored that whilst higher mortgage rates reset affordability, entry-level projects remain highly sought after. Overall, the expert said demand for properties in Hong Kong remains healthy. With interest rates hopefully normalising, Jefferies said [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-290","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/fountain-rock.com\/en\/wp-json\/wp\/v2\/posts\/290","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fountain-rock.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fountain-rock.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fountain-rock.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/fountain-rock.com\/en\/wp-json\/wp\/v2\/comments?post=290"}],"version-history":[{"count":1,"href":"https:\/\/fountain-rock.com\/en\/wp-json\/wp\/v2\/posts\/290\/revisions"}],"predecessor-version":[{"id":292,"href":"https:\/\/fountain-rock.com\/en\/wp-json\/wp\/v2\/posts\/290\/revisions\/292"}],"wp:attachment":[{"href":"https:\/\/fountain-rock.com\/en\/wp-json\/wp\/v2\/media?parent=290"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fountain-rock.com\/en\/wp-json\/wp\/v2\/categories?post=290"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fountain-rock.com\/en\/wp-json\/wp\/v2\/tags?post=290"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}