Hong Kong Monetary Authority Chief Executive Eddie Yue Wai-man. Previous NextThe Hong Kong Monetary Authority today relaxed the countercyclical macroprudential measures for mortgage loans on non-residential properties. The applicable loan-to-value ratio caps for mortgage loans on non-residential properties are adjusted upward by 10 percentage points, from 40 percent to 50 percent for general cases. While the residential property market has remained firm, we have seen major corrections in prices, as well as transaction volumes, of different types of non-residential properties including offices, flatted factories and retail premises. With the pandemic and escalating geopolitical tensions continuing to weigh on business confidence, non-residential property markets are likely to remain under pressure.

Source: The Standard August 19, 2020 11:11 UTC