The Hong Kong Monetary Authority today issued guidelines to banks to revise countercyclical macroprudential control measures applicable to property mortgage loans. For all residential properties, regardless of the value of the property and whether it is for personal use, the maximum mortgage ratio limit is 70%; the maximum mortgage ratio limit for property mortgage loans based on asset level approval was raised from 60% to 70%, in line with property mortgage loans based on contribution to income ratio approval; the maximum contribution to income ratio for non-personal use properties was raised from 40% to 50%, in line with the maximum contribution to income ratio of private use properties; cancellation of mortgage applicants who apply for a mortgage are required to borrow or guarantee other mortgage properties Reduce the applicable maximum mortgage ratio and maximum contribution-to-income ratio requirements by 10%.

The Hong Kong Monetary Authority today issued guidelines to banks to revise countercyclical macroprudential control measures applicable to property mortgage loans. For all residential properties, regardless of the value of the property and whether it is for personal use, the maximum mortgage ratio limit is 70%; the maximum mortgage ratio limit for property mortgage loans based on asset level approval was raised from 60% to 70%, in line with property mortgage loans based on contribution to income ratio approval; the maximum contribution to income ratio for non-personal use properties was raised from 40% to 50%, in line with the maximum contribution to income ratio of private use properties; cancellation of mortgage applicants who apply for a mortgage are required to borrow or guarantee other mortgage properties Reduce the applicable maximum mortgage ratio and maximum contribution-to-income ratio requirements by 10%.