Hong Kong Monetary Authority asks banks to exercise caution when offering property loans for speculative ‘confirmor sales’

By Salina Li

The Hong Kong Monetary Authority has advised banks to take extra care when lending to property speculators, in an indirect attempt to clamp down on asset flipping a week after the city abandoned decade-old curbs for the real estate industry.

Source: Hong Kong Monetary Authority asks banks to exercise caution when offering property loans for speculative ‘confirmor sales’