You are here

HK curbs lending to developers as risks soar

Caps for construction finance to be cut to 40% of site value and 80% of construction cost from June 1
Monday, May 15, 2017 - 05:50

Hong Kong

THE Hong Kong Monetary Authority (HKMA) has tightened limits on bank loans to property developers, as it seeks to contain risks in the city's booming real-estate market.

From June 1, the caps for construction finance will be cut to 40 per cent of site value and 80 per

Market voices on:

Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at

Powered by GET.comGetCom