This may be one of the smallest pieces of BIG news that you’ll hear this year about Hong Kong real estate.
Hong Kong Mortgage Insurance Company is going to stop selling mortgage insurance on investment properties. It will continue to offer mortgage insurance for owner-occupied homes, but this change could completely dry up mortgage funds for real estate speculators/investors.
There are dozens of real estate stocks listed on the Hong Kong Stock Exchange (easy for U.S. investors to buy) and this is going to hurt all the residential development companies.
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{ 2 comments… read them below or add one }
tony, you didn’t mention that the transaction tax is in response th hft operations which account for over 60% of market activity. I say just quit paying the 1/4 cent liquidity generating fee
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