Potential buyers queue up for properties in Hong Kong. Developers are offering big mortgages to push sales, raising concerns over defaults should interest rates rise. Photo: Nora Tam

Rise in big mortgages offered by Hong Kong developers to speed up sales raises default fears

Some developers are offering loans of up to 85 per cent of a property’s value, just as interest rates are set to rise and property prices to fall

Topic |   Hong Kong property

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Potential buyers queue up for properties in Hong Kong. Developers are offering big mortgages to push sales, raising concerns over defaults should interest rates rise. Photo: Nora Tam
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