Property News · February 5, 2018

Hong Kong Monetary Authority chief Norman Chan rejects calls to relax mortgage policies


Hong Kong Monetary Authority chief executive Norman Chan Tak-lam on Monday rejected calls by lawmakers to relax mortgage policies, and said the city’s property market was still too overheated for any such relaxation.
The authority, Hong Kong’s de facto central bank, has introduced eight rounds of mortgage tightening policies in the past two years to crackdown on speculative activity. The public refers to these as “spicy policies”.
Chan was grilled in the monthly…

Source : South China Morning Post
Read more…Hong Kong Monetary Authority chief Norman Chan rejects calls to relax mortgage policies

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