2018年7月22日星期日
 
專家論市
Martin Hennecke

StanChart offers fixed-rate plan
 
11/01/2018
 
Standard Chartered Bank yesterday introduced a fixed-rate mortgage loan plan, but market watchers said it has been introduced because the property market is traditionally quiet in the first quarter.

The lender said the mortgage plan will apply to home buyers who purchase properties that are priced below HK$8 million for their own occupancy and who do not hold any other residential property in Hong Kong.

A fixed interest rate of 1.68 percent per annum will be applied for the first year, then 2.15 percent for the second. The mortgage interest rate will be set at Hibor plus 1.30 percent thereafter for the whole tenor, capped at Prime-3.0 percent.

Standard Chartered said as the United States has already entered the rate-hike cycle, it is believed that the Hong Kong interest rate will also go up.

"The Plan secures the interest rate level and the monthly repayment amount of the mortgage loan for the first two years, providing an option for home buyers and relieving their worries about the additional repayments when the interest rate hikes," it added.

Meanwhile, a duplex unit in Taikoo Shing was rented out for HK$1.22 million for a two-year contract, which is equivalent to about HK$51,000 a month, or HK$57 per ssf.

The deal involved a 897 sellable square foot duplex flat in Banyan Mansion, with a rooftop deck. The owner bought the flat for HK$8.37 million in 2009.

上一篇新聞 : Yuan gets breather as Hang Seng falls
 

 

 
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