Coronavirus: Hong Kong homeowners at far lower risk of falling into negative equity than during Sars, finance chief says

Hong Kong will be spared the wave of mortgage borrowers driven into negative equity that peaked during the previous health crisis in 2003, the finance chief says, pointing to stronger fundamentals in the world’s most expensive property market despite buffeting by the coronavirus pandemic.Authorities saw no need for a big course correction on cooling measures for the real estate sector, although banks might be encouraged to be “more accommodative” with new owners facing payments, Financial…

from South China Morning Post https://bit.ly/2RL4LiB