Developers to accelerate sales

Research shows credit costs are about to rise, so developers better raise cash soon.

A Bloomberg report quoted Barclays Capital Research as saying, “The cheap corporate credit enjoyed by Hong Kong developers is ending.”

Hong Kong banks are said to be tightening credit to the real estate industry as loan demand from Chinese companies rises and as the city’s banking regulator ordered them to rein in mortgage lending.

This implies Hong Kong developers may need to refinance as much as $6.1 billion of syndicated loans in 2012 and a further $4.9 billion in 2013, according to Barclays.

View the report here.

Join Hong Kong Business community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you design and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

Prudential Hong Kong launches Cantonese voice challenge
Cyberport joined the competition to develop practical artificial intelligence solutions.
Insurance
Hong Kong AI cohort grows amidst governance pressure
Stephen Yiu said insurers are showing stronger ownership in strategy selection.
Insurance
Credit card balances rise as revolving lines fall
Personal loans and credit cards grow whilst revolving credit and loan-on-card shrink.