[ET Net News Agency, 23 February 2018] Following the 14% price increase in 2017, UOB
Kay Hian expects property prices to rise 4-6% in 2018 on the back of continued housing
shortage and unfulfilled demand.
UOBKH forecasts a real GDP growth of 2.7% for 2018, and expects unemployment to remain
low at 3.3%. A rise in wages on the back of a stronger economy will partially mitigate the
impact on affordability.
While concerns over the impact of rate hikes are rising, competition among the city's
mortgage lenders has led to lower mortgage rates, the research house said. Banks including
HSBC (00005) and StanChart (02888) have launched their own fixed rate mortgage plans with
a fixed rate in the first year of 1.68%.
In February, Centaline Mortgage also launched a new floating rate plan with a lowered
spread of 1.26%, the lowest in seven years, UOBKH noted. (KL)
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Super Quote | Detail Quote | Interactive Chart | Transaction | Related News | Related Securities | Company Information | Dividend Records | Short Sell
00019 SWIRE PACIFIC A
Nominal 
63.300 +0.800 (+1.280%) Others
23/02/2018 10:48
[I-bank focus]HK residential market outlook remains positive
| Remark: | Real time quote last updated: 25/04/2024 14:30 |
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