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HK steps up efforts to cool red-hot property market

Govt lowers loan quantum and debt-servicing ratio

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HONG KONG took fresh measures to cool one of the world's most expensive real estate markets on Friday by reducing the amount of money home-buyers can borrow and capping the amount of debt they can take on.

Hong Kong

HONG KONG took fresh measures to cool one of the world's most expensive real estate markets on Friday by reducing the amount of money home-buyers can borrow and capping the amount of debt they can take on.

The central bank's steps come ahead of an expected US interest-

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