Thousands of Hongkongers face home financing crunch as flat delivery increases and banks tighten loan scrutiny amid economic slump

Thousands of Hong Kong homebuyers are facing the risk of being shut out of bank financing for flats bought two years ago on a staggered payment plan, as banks have started to tighten lending criteria amid an economic slump.More than 11,000 units in 17 residential projects are due to take delivery in the second half this year, almost double the volume in the preceding six months, according to government statistics and data compiled by Midland Realty.They will come up against possibly stricter…

Read the original article at South China Morning Post