- Adwords
|
|
|
Low Liquidity Posted by ken (201 days ago) We have jsut had a mortgage refused on a property in the Sai Kung Country Park on the grounds that it is in a “restricted zone” and would therefore have “low liquidity”. How can this be plausible? Find what you are after in our Hong Kong A-Z Directory  Posted by Patrick Yiu (200 days ago) When they check the transaction record, if there isn't anything sold within a few months in the area, they consider "low liquidity". Try smaller banks or other finance institutes like G.E.Monies, they're more aggressive on buildings that regular banks don't take, such as old Chinese buildings. Posted by walkup (200 days ago) 'low liquidity' is a factor which affects the sale of apartments in old buildings even in Mid-levels. eg an apartment priced at 2.9m in a building with recent transaction history from the sale of other apartments might get a bank valuation of 2.5m, whereas another apartment nearby higher priced at 3.2m but without similar transaction history within the second apartment building might be valued at 1.5m by the same bank. The answer as Patrick has suggested is to check other banks which may look at your proposed purchase differently. Posted by Sai Kung (199 days ago) Call Nora Wong at Citic Ka Wah Bank. 3603 2140 |
