HK retail property transactions rise after mortgage rules eased

"Buyers would not raise the offer price in the last few months, but now they would raise it by a few per cent to complete the deal," Mr Cheng said.

Some investors expect the commercial property market to recover from here, as the coronavirus stabilises, and as investors bet on more measures from the HKMA such as a possible cut to the stamp duty paid on commercial properties purchases. "HKMA's move sent an indicative signal to the market that if the market continues to be bad, there could be second or third easing," said Reeves Yan, the head of capital markets at real estate services firm CBRE Hong Kong.

The extra loan will benefit buyers of retail shops more than office space investors, who tend to be more financially sound, agents said. Mr Cheng said one of his clients had already benefited from the measure, having been able to borrow an extra 10 per cent on the back of his HK$600 million worth of assets, which has provided some relief to his businesses. REUTERSFor daily updates on weekdays and specially selected content for the weekend. Subscribe to

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