28 Feb Hong Kong relaxes lending rules, granting more mortgage loans to homes below HK$30 million to bolster property market
Posted at 05:12h
in Asia
Hong Kong’s monetary authority relaxed the city’s lending policies, offering more mortgage to homeowners and rental property to bolster the city’s ailing real estate industry.Starting immediately, homes valued at less than HK$30 million (US$3.83 million) will be entitled to 70 per cent mortgage financing, compared...