Property News · May 12, 2017

Hong Kong homebuilders to face tougher limits on bank borrowing


Hong Kong’s property developers will face tougher restrictions on the amount of money they can borrow from banks under new measures to be introduced next month in a bid to protect lenders from risk.
From June 1, all banks will be required to lower their caps on the amount they lend to developers for construction financing, according to a circular issued by the Hong Kong Monetary Authority (HKMA), the city’s de facto central bank, on Friday.
The HKMA says it is concerned about the…

Source : South China Morning Post
Read more…Hong Kong homebuilders to face tougher limits on bank borrowing

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