Hong Kong property stocks slipped as a whole in value on Monday after the government tightened mortgage measures to cool the city’s overheating market.
After the markets closed on Friday, the Hong Kong Monetary Authority ordered commercial banks to allocate a larger risk weighting towards their assessment of credit worthiness, while cutting the amount of allowable loans on residential and commercial properties.
The move was the second set of mortgage-tightening measures in a week.
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Source : South China Morning Post
Read more…Mixed reaction to latest measures to cool Hong Kong property market















