Property News · May 22, 2017

Opinion: HKMA’s mortgage curbs doing nothing to make property more affordable


The Hong Kong Monetary Authority (HKMA) introduced its eighth round of mortgage tightening rules since October 2009 at the end of last week, and it seems highly likely a ninth round will follow shortly.
But while the curbs have done little to stop home prices from rising, the continued action by the HKMA has certainly introduced better safeguards for the banks from taking on too much risk.
All the curbs so far have been aimed at limiting the amount banks can lend mortgage borrowers, and from a…

Source : South China Morning Post
Read more…Opinion: HKMA’s mortgage curbs doing nothing to make property more affordable

You may also like...