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HKMA warns against overheated property market

By , on February 4th, 2013

<!– google_ad_section_start –> The Hong Kong Monetary Authority has delivered it strongest warning yet on the city’s overheated property market and said it was poised to launch its sixth round of mortgage tightening measures since 2009. “The property market remains the biggest risk factor in the Hong Kong economy,” said HKMA chief executive Norman Chan Tak-lam while speaking to lawmakers at a Legislative Council financial affairs panel meeting on Monday. As a result, he said the authority would take measures to reduce the mortgage risks faced by banks. <!– google_ad_section_end –>

Excerpt from:
HKMA warns against overheated property market

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