Search
Categories
Hot topics close

Hong Kong eases homebuying curbs to support real estate market

Hong Kong eases homebuying curbs to support real estate market
HKMA relaxes mortgage rules and government removes cooling measures

The authorities in Hong Kong today (February 28) eased mortgage rules and scrapped extra property taxes to boost the city’s lacklustre real estate market. 

The Hong Kong Monetary Authority (HKMA) has allowed homebuyers to borrow more to purchase more expensive homes. Homebuyers can now borrow up to 70% of the value of an owner-occupier home worth HK$30 million (US$3.8 million) or less, the HKMA said in a statement. These properties make up 98% of home transactions in the territory. Previously

Similar news
News Archive
  • Queens Park Bolton
    Queen's Park Bolton
    LIVE updates: Seven-year-old girl stabbed to death in Bolton park in horrific random Mother's Day attack
    23 Mar 2020
    2
  • Bears
    Bears
    Bear kills jogger in Italy
    8 Apr 2023
    1
  • Manny Pacquiao
    Manny Pacquiao
    McGregor sends threatening message to Pacquiao ahead of awkward reunion at Fury v Ngannou
    28 Oct 2023
    12
  • Aya Nakamura
    Aya Nakamura
    French Singer Aya Nakamura Goes Gold in Feathered Dior ...
    26 Jul 2024
    2
  • Novartis
    Novartis
    Bristol Myers Squibb drafts contingency plans for US restrictions on Chinese pharma
    26 Apr 2024
    18
  • Videotelephony
    Videotelephony
    This new kids' messaging app detects potential nudity in video calls and alerts parents
    5 Apr 2024
    5