The Hong Kong banking regulator’s move to dampen developers from providing generous mortgage schemes has created new business opportunities for non-banking institutions and money lenders.
Ego Finance, one of the major finance companies in Hong Kong, said the new measures would generate more business opportunities for money lenders. With nearly 2,000 new units to come on stream for pre-sale, there is without doubt, a demand for loans.
“Home seekers still need to source financing when…
Source : South China Morning Post
Read more…Tighter bank credit means business for money lenders















