Hong Kong's property developers, brokerages and retailers are poised to benefit from the chief executive's policy address as the government relaxes mortgage rules and expands a plan to attract wealthy immigrants.
The Hong Kong Monetary Authority will set the loan-to-value ratio for all residential properties at 70%, Chief Executive John Lee said in a speech on Wednesday. The city will also allow the inclusion of home purchases at a minimum price of HK$50 million ($6.4 million) as part of required investment for migrants.