Hong Kong’s so-called upside-down home loans steady, but could rise if prices fall further

Quick Summary:

The number of mortgage holders with negative equity fell 5.5 per cent to 30,288 at the end of June, from 32,073 at the end of March, according to HKMA data.

The aggregate value of negative-equity loans decreased to HK$155 billion (US$19.8 billion) in the three months to June, versus HK$165.3 billion at the end of March.

The HKMA also pointed out the three-month delinquency ratio remained at a low level of 0.11 per cent, but was up from 0.06 per cent in March.

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Article Details

Author / Journalist: Salina Li

Category: Business

Markets: Hong Kong

Topics: Property Ratio According Loans Equity Cent Cases Prices Mortgage Quarter Negative

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-31 @ 19:39:29 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 582 words

Reading Time: 4 minutes read

Sentences: 17 lines

Sentence Length: 35 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 21872009

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