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HK tightens investor mortgage rules amid record prices

Published Tue, Jan 20, 2015 · 09:50 PM
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Hong Kong

HONG Kong tightened mortgage lending rules, restricting the amount that banks can lend to property investors amid record home prices in the city.

Lenders should raise the discount they apply to rental income when calculating the size of an investor's mortgage to 30 per cent from 20 per cent, the Hong Kong Monetary Authority (HKMA) said in a letter posted on its website. The discount, wh…

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