Tightening mortgage rules for healthy housing market: Chui

2017-05-15 08:00
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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.

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