Hong Kong
Approved mortgage loans down 23.5% to $33.7b
Approved mortgage loans down 23.5% to $33.7b
The number of mortgage applications decreased 38% to 9,090.
Applications for compulsory sale surge 80% in the first eight months
15% of private residential stock are expected to be the acquisition target of developers.
Overall business environment for retailers still difficult despite sales rebounding in July
Analysts caution reading too much into one month’s print.
Retail sales value up 4% to $36b in July
Sales value of jewellery also inched higher by 12.9%.
Banks' funding and liquidity conditions to remain benign till 2018
But potential funding volatility will come from changes in banks' loan and deposit currency mix.
Hong Kong's 20 largest licensed banks in 2017
Hong Kong’s connection with the mainland may be its best asset yet.
Total exports value up 7.3% to $326.6b
Re-exports also edged up 7.4% to $322.9b.
Henderson Land's profits up 64% to $14.2b in the first half of 2017
Pre-tax profit contribution from property sales hit $3.2b.
Swire Properties' net rental income inched up 2.9% to HK$4.6b
Thanks to soaring occupancy rates in office and retail portfolio.
New lettings in Central dropped by a whopping 75% in July
17,300 sq ft of space was withdrawn.
Kowloon office rents to face downward pressure for the rest of 2017
The market is expected to slow down towards the year end.
Property sector a key risk for the banking system as home prices rise for 13 consecutive months
The prevalence of high-LTV second mortgages increases default risks for homebuyers.
Hong Kong Island to provide more options for relocation from Central
But Chinese firms will remain the key demand drivers for offices in Central.
Hong Kong's July inflation up 2%
Underlying inflation rate also edged up 2%.
Hong Kong banks' mainland exposures to pick up in the next two years
That is following a period of steady decline starting in 2014.
56% of employees willing to leave Hong Kong for a career opportunity
Bosses are getting worried over brain drain.
Cathay Pacific's Cathay Dragon shells out $31.7b to expand fleet
32 Airbus A321neo aircraft will arrive from 2020.
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