Hong Kong Monetary Authority and Hong Kong Association of Banks extend repayment moratorium for those affected by Tai Po fire by six months to end-May 2027

The Hong Kong Monetary Authority and the Hong Kong Association of Banks announced that 28 retail banks will further extend by six months, to end-May 2027, the repayment moratorium on mortgages, personal loans, credit card loans and other loans for those affected by the Tai Po fire. Where mortgagors and borrowers of Wang Fuk Court sell their interest in the property to the HKSAR Government, their existing mortgage moratorium may be extended until the newly purchased unit is occupied. This follows the support measures launched in March this year.