Hong Kong’s easing of mortgage restrictions aims to return market to ‘normality’: Paul Chan

Hong Kong’s easing of mortgage restrictions aims to return market to ‘normality’: Paul Chan

Hong Kong’s surprise move to ease mortgage restrictions aims to restore “normality” in the sluggish property market and bolster investor confidence, the finance minister has said. Financial Secretary Paul Chan Mo-po also said on Friday that relaxing rules for a cash-for-residency scheme, which will now cover investments in luxury homes, would lure more applicants without…

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