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
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
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Hong Kong Monetary Authority (HKMA)
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