Developers can't get the full proceeds of sales until banks approve the home loans. Photo: AFP
Developers can't get the full proceeds of sales until banks approve the home loans. Photo: AFP
Property /  Hong Kong & China

Developers’ cash flow hit by delays in home loan approvals

Lengthy approval times for loans are a nightmare for buyers eager to move into new homes and developers waiting for their money

Sandy LiLangi Chiang
Sandy Li and Langi Chiang

Updated: 2:33pm, 21 Jun, 2018

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Developers can't get the full proceeds of sales until banks approve the home loans. Photo: AFP
Developers can't get the full proceeds of sales until banks approve the home loans. Photo: AFP
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