Asian property developers face tougher scrutiny amid house price boom

money-houses
Hong Kong and Singapore are putting more scrutiny on loans to property developers

With overheating property markets across the region, Asian financial authorities are putting more scrutiny on loans for developers while attempting to relax mortgage policies for local residents.

Behind the rocketing property prices in major Asian financial hubs is a surge of loans to property developers, despite some efforts to tighten standards over the past couple of years. Property developers are eager to boost funding for their highly-leveraged land purchases and for their high loan-to

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