Sun Hung Kai Properties, Hong Kong’s largest developer by market value, has called out on the Hong Kong Mortgage Corporation to ease its lending scheme for mass market flats, two days after the city’s financial secretary indicated that a relaxation was being considered by the government.
Executive director Adam Kwok Kai-fai criticised the existing mortgage insurance scheme, which provided a maximum loan-to-value ratio of 90 per cent for homes costing HK$4 million (US$511,330) or…
Source : South China Morning Post
Read more…Sun Hung Kai Properties calls for relaxed mortgage lending for mass market flats















