Regulatory Alerts2023-07-07
Added · Updated
Prudential Measures for Property Mortgage Loans
The Hong Kong Monetary Authority adjusted countercyclical macroprudential measures for property mortgage loans to address recent residential and non-residential property price corrections and elevated interest rates. The HKMA increased maximum loan-to-value ratios for self-occupied residential properties up to HK$15 million to 70%, raised the cap for non-residential properties to 60%, and relaxed specific debt servicing ratio requirements for applicants with non-local income. These adjustments, effective 7 July 2023, aim to maintain banking stability while ensuring prudent risk management in the face of potential economic slowdowns.
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