The 1,228-unit Emerald Bay phase two project is due to be completed in the third quarter of 2021. Photo: May Tse
The 1,228-unit Emerald Bay phase two project is due to be completed in the third quarter of 2021. Photo: May Tse

HSBC, ICBC (Asia) and other Hong Kong banks stop mortgage loans for Evergrande’s unfinished flats over developer’s debt woes

  • The banks are continuing to offer loans for finished flats, but restricting lending on unfinished properties, according to people familiar with the matter
  • Evergrande currently has two residential projects under construction in Hong Kong: Emerald Bay Phase Two in Tuen Mun and The Vertex in Cheung Sha Wan

Topic |   Hong Kong property
The 1,228-unit Emerald Bay phase two project is due to be completed in the third quarter of 2021. Photo: May Tse
The 1,228-unit Emerald Bay phase two project is due to be completed in the third quarter of 2021. Photo: May Tse
READ FULL ARTICLE