Offices in the Jardine House, left, and Exchange Square buildings are illuminated at dusk in the Central district in Hong Kong, China, June 22, 2020. - Bloomberg
HONG KONG (China Daily/ANN): The Hong Kong Monetary Authority relaxed loan rules for commercial real estate, a step intended to ease the pressure on businesses that have been adversely affected by the coronavirus pandemic.
The loan-to-value ratio cap for commercial properties was raised to 50 per cent from 40 per cent, effective Aug 20, the authority said on Wednesday (Aug 19). The previous limit on commercial property mortgage was lowered to 40 percent in 2013.
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