Cheung Kong offered a second mortgage loan of up to 40 per cent last month, compared with 20 per cent in January, to boost the sales of Diva. Photo: Edward Wong
Cheung Kong offered a second mortgage loan of up to 40 per cent last month, compared with 20 per cent in January, to boost the sales of Diva. Photo: Edward Wong
Property /  Hong Kong & China

Developers offer buyers financing to get around banks’ loan-to-value curbs

Developers are bypassing regulations on how much banks can lend by offering extra loans, which experts warn puts the buyers at risk

Topic |   Hong Kong Monetary Authority (HKMA)
Sandy Li
Sandy Li

Updated: 5:52am, 16 Apr, 2014

Why you can trust SCMP
Cheung Kong offered a second mortgage loan of up to 40 per cent last month, compared with 20 per cent in January, to boost the sales of Diva. Photo: Edward Wong
Cheung Kong offered a second mortgage loan of up to 40 per cent last month, compared with 20 per cent in January, to boost the sales of Diva. Photo: Edward Wong
READ FULL ARTICLE