Annual Report 2015
EXECUTIVE VICE-CHAIRMAN’S REPORT
19
Central and Western District
Wanchai District and Eastern District
Yau Tsim Mong District and
Kwun Tong District
Tsuen Wan District, Yuen Long District and
Tuen Mun District
Sha Tin District and Sai Kung District
Others
Yuen Long District
North District
Sha Tin District and Tai Po District
Sai Kung District and Tuen Mun District
Hong Kong landbank
Attributable GFA
As at 30 June 2015
Hong Kong agricultural landbank
Attributable land area
As at 30 June 2015
11%
2% 1%
37%
40%
9%
8,800,990 sq ft
69%
18,246,902 sq ft
6%
14%
11%
of non-self-use properties. The
maximum loan-to-value ratios under
the Mortgage Insurance Programme
offered by the Hong Kong Mortgage
Co r po r a t i on L imi t ed wa s a l s o
tightened, dropping from the former
maximum of 90% to 80%, despite
exemption being available to first-
time dwelling buyers who meet the
new income requirements.
It is generally considered by the
ma r ke t t ha t t he new r ound o f
measures curbing property market
risks shall effectively assist banks in
their risk management and control
for mortgage loans granted for the
purchase of residential properties. On
sales front, the transaction volume in
the residential property market swiftly
regained momentum after a period of
adaptation to the new policies, given
the sustained excess demand where
homebuyers, especially those with
rigid demand as well as first-time
dwelling buyers, flocked to products
with premium quality and attractive
cost performance; and in view of the
strong desire of those people who
were attracted by the prevailing ultra-
low interest rate for imminent home
purchases prior to the anticipated
interest rate hike in Hong Kong by the
end of 2015 after the United States.
The number and value of agreements
f o r sa l e and pu r chase o f f i r s t -
hand private residential properties
registered in the first half of 2015
increased by 24.5% and 42.6%
respectively compared to the same
period last year.
By carefully planning every step and
process in project development, and
finely blending artisanal elements to
exemplify the tastes and atmosphere
