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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
Published Sun, May 14, 2017 · 09:50 PM
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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 fo…
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