A growing number of developers have been skirting bank regulations by providing home loans of up to 95 per cent of the purchase price through wholly owned financial institutions. Photo: Reuters
A growing number of developers have been skirting bank regulations by providing home loans of up to 95 per cent of the purchase price through wholly owned financial institutions. Photo: Reuters
Property /  Hong Kong & China

Developers saddled with HK$1.3 billion in mortgage receivables following home loan push

Topic |   Hong Kong housing
Sandy Li
Sandy Li

Updated: 2:54pm, 20 Jul, 2018

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A growing number of developers have been skirting bank regulations by providing home loans of up to 95 per cent of the purchase price through wholly owned financial institutions. Photo: Reuters
A growing number of developers have been skirting bank regulations by providing home loans of up to 95 per cent of the purchase price through wholly owned financial institutions. Photo: Reuters
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