Jan 13, 2023 04:49 PM

ECONOMY

Hong Kong Mortgage Requests From Mainland Buyers Hit Record

Hong Kong’s property market has been under pressure amid rising interest rates and a outflow of people. Photo: Bloomberg

Hong Kong’s property market has been under pressure amid rising interest rates and a outflow of people. Photo: Bloomberg

(Bloomberg) — Hong Kong mortgage applications from Chinese mainland buyers rose to a record high in the fourth quarter, underscoring the group’s growing influence in the city’s property sector.

Mainland buyers with Hong Kong residency represented 11.4% of the mortgage applications that mReferral Mortgage Brokerage Services handled, the highest proportion since the firm started tracking the data in 2018.

You've accessed an article available only to subscribers

Subscribe today for just $.99.

VIEW OPTIONS

Share this article

Open WeChat and scan the QR code

GALLERY

: Gallery: Innovation Takes Off at Flying Vehicle Expo

PODCAST

Caixin Deep Dive: How China’s Crypto Ban Makes Disposing of Seized Assets a Lot Harder

00:00

00:00/00:00

MOST POPULAR

1: Cover Story: China’s Factory Exodus Is Turning Vietnam Into the World’s Assembler

2: Meituan Enters Open-Source AI Race With LongCat Model

3: Ex-UBS Banker in Hong Kong Jailed 10 Years for Laundering $17.2 Million

4: End of U.S. Tax Exemption Hits Chinese Air Cargo Carriers Differently

5: China Rolls Out Subsidized Consumer Loans to Boost Spending

SPONSORED

OR