Our Alex Leung comments on HKMA new commercial property mortgage rules that it is not big deals to big investors as they used to have ways to lend more than the 40% limits. But could help the smaller commercial properties investors as it may enable the banks to re arrange the finance : as the prices dropped a lot, the existing loans may have over the 40% limit. Uplift the limit to 50% could prevent the banks forced to ask the owners to pay the differences. Car parking spaces would be most benefit.
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Reuters
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