Friday, August 6, 2010

China-Home prices unrealistic, bank warns mortgage seeker

Home prices unrealistic, bank warns mortgage seeker — Property prices can beseen as "slightly unrealistic", and some would-be homebuyers might not get themortgage loans they seek, Hang Seng Bank warned yesterday. Bank valuationscould be lower than transaction prices, said Vice Chairman and Chief ExecutiveMargaret Leung Ko May-yee. The loan-to-value ratio for new mortgages is nothigh, she added. (The Standard)

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