Hong Kong tightens mortgages for commercial, industrial properties
HONG KONG (Reuters) - The Hong Kong Monetary Authority said on Friday it will tighten mortgages for the territory's property transactions, as part of the government's overall efforts to cool the overheating real estate sector.
HKMA chief Norman Chan unveiled new measures after the government announced higher stamp duties on property transactions earlier in the day.
- Mexican train derails, stranding 1,300 migrants headed toward U.S.
- Gaza toll nears 100, militants threaten Israeli airport |
- Ukraine says rebels will pay as missiles kill 23 soldiers |
- A game of two popes: Vatican plays down talk of World Cup rivalry
- Ebola deaths surge in Sierra Leone and Liberia: WHO