It was astonishing to learn that the Hong Kong government has decided to launch a new series of cooling measures to distort market demand for properties instead of seeking to boost home supply by phasing out the restrictive measures on second-hand home sales and purchases.
Last month, the Hong Kong Monetary Authority announced further tightening measures aimed at prospective home buyers with multiple loans and income sources overseas.
The HKMA also tightened the mortgage ceiling for residential…
Source : South China Morning Post
Read more…Hong Kong government should lift cooling measures to free up supply in secondary market
