Chief Executive Fernando Chui Sai On said on Saturday that the government decided to tighten its mortgage rules, with the aim of maintaining a healthy housing market.
Chui spoke to reporters at the airport on Saturday, upon departure for Beijing to attend the two-day Belt and Road Forum for International Co-operation which started yesterday.The government tightened its mortgage rules on May 5, lowering the percentage of mortgage available to all except local first-time buyers.