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Business / Markets

HK parking space loan to be scrutinized

(Agencies) Updated: 2012-11-29 13:28

Hong Kong Monetary Authority says major banks have adopted a maximum mortgage ratio of 50 percent for parking space loans and it has asked the industry to ensure that such standards are used, according to a written statement submitted to the city's legislature by Yau Shing-mu, acting housing secretary.

 

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