More tightening on mortgages may be on the way

The President of Monetary Authority of Macau Anselmo Teng Lin Seng said yesterday the government is considering toughening mortgage-lending rules. Mr Teng was quoted by Macau Post Daily as saying that it would depend on the impact on Macau’s real estate market of the U.S. Federal Reserve’s third round of quantitative easing (QE3). Even though Mr Teng […]

The President of Monetary Authority of Macau Anselmo Teng Lin Seng said yesterday the government is considering toughening mortgage-lending rules. Mr Teng was quoted by Macau Post Daily as saying that it would depend on the impact on Macau’s real estate market of the U.S. Federal Reserve’s third round of quantitative easing (QE3). Even though Mr Teng admitted that the “hot money” generated by the QE3 policy is unlikely to flood into Macau, he said that the monetary authority would keep a close eye on the issue. Possible adjustments on mortgage rules would be announced “at the appropriate time”, he added.

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