Hong Kong Property Prices Decline Pushes Up Negative Equity Mortgages

property00pp00pResidential mortgage loans in negative equity has increased 1,400% during the first quarter in Hong Kong compared to the previous quarter, as housing prices dropped 11% since last October, according to data released by the Hong Kong Monetary Authority. The case of mortgage loans in negative equity remains small in the city, at 1,432 currently, […]

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