Re: Hong Kong Monetary Authority’s latest countercyclical macroprudential measures for property mortgage loans

The Estate Agents Authority would like to draw all licensees’ attention to the press release issued by the Hong Kong Monetary Authority (“HKMA”) on 16 October 2024 about the HKMA’s latest countercyclical macroprudential measures for property mortgage loans.

These measures involve adjustments to the maximum loan-to-value ratio and debt servicing ratio for property mortgage loans and have taken effect on 16 October 2024.

Licensees should note that they are required to exercise due care and due diligence in fulfilling their duties and must not provide inaccurate or misleading information to their clients or prospective purchasers.

Licensees should refer to the relevant press release on the HKMA’s webpage (www.hkma.gov.hk/eng/news-and-media/press-releases/2024/10/20241016-4/) for details of the adjustments.

(17 October 2024)