Jul 08, 2023 05:39 AM
ECONOMY
Hong Kong Relaxes Mortgage Rules to Support Property Sector
00:00/00:00
Listen to this article
1x
Subscribe now
Listen to the full version
Listen to the full version
Home prices in Hong Kong have risen 6.3% this year but are far from recouping last year’s 16% slump
(Bloomberg) — The Hong Kong government relaxed its residential mortgage rules for the first time since 2009 in a bid to boost the weakening property market.
The city will increase the loan-to-value ratio for some homes starting Friday, allowing buyers to snap up properties with a smaller down payment, the Hong Kong Monetary Authority said at a press briefing.
You've accessed an article available only to subscribers
VIEW OPTIONS
- RELATED
Share this article
Open WeChat and scan the QR code
- MOST POPULAR
Sign in with Google
Sign in with Facebook
Sign in with 财新