Advertisements for residential property on display in the window of an estate agency in Hong Kong’s Quarry Bay district. According to a broker, home prices in the city will drop by a lesser extent in the current economic climate if the restrictions on mortgages are eased. Photo: Edward Wong

‘Government is crazy’: increase in mortgages for first-time Hong Kong homebuyers will boost debt, limit cooling measures

  • Any move to ease restrictions will push ‘more people to chase high-priced assets with more debt on their shoulders’
  • The prices of lived-in homes have fallen by 7.2 per cent since August 2018, but are still 2.2 per cent higher than in January 2018
Topic |   Hong Kong property

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Advertisements for residential property on display in the window of an estate agency in Hong Kong’s Quarry Bay district. According to a broker, home prices in the city will drop by a lesser extent in the current economic climate if the restrictions on mortgages are eased. Photo: Edward Wong
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