Regulatory Alerts2020-08-19
Added · Updated
Prudential Measures for Mortgage Loans on Non-residential Properties
The Hong Kong Monetary Authority adjusted countercyclical macroprudential measures for non-residential property mortgage loans by increasing loan-to-value ratio caps by 10 percentage points. This change, effective 20 August 2020, responds to significant price declines and market pressures in the non-residential sector caused by the COVID-19 pandemic and geopolitical tensions. The circular clarifies that these measures apply strictly to property financing and refinancing, excluding corporate credit facilities used for business operations.
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