This comes even as the HKMA tightened lending to developers last June.
Bloomberg reports that developers continue to counter policy efforts to cool Hong Kong’s heated housing market as the total value of property-related syndicated loans hit $84.43b (US$10.8b) in Q4 – the highest since the second quarter of 2015.
This results in a cumulative $103.2b (US$13.2b) pipeline even as the de-facto central bank Hong Kong Monetary Authority tightened lending to developers last June.
Moreover, potential funding for the real-estate sector accounts for almost half (40%) of total upcoming volumes in the city with the $33b financial package to acquire The Centre skyscraper in Central in the running to be the largest property loan since 2015.
Here’s more from Bloomberg:
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