Regulatory Alerts2024-06-14
Added · Updated
Refinements to property mortgage lending requirements
The Hong Kong Monetary Authority issued refinements to property mortgage lending requirements to assist homebuyers facing valuation shortfalls on properties under construction. Authorized institutions may now apply countercyclical macroprudential measures to self-occupied homes where sale agreements were signed before 28 February 2024, and must adopt a revised net worth calculation formula while reverting the rental income discount rate to at least 20%.
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