Land Law 2024 Permits Non-banking Entities to Take Mortgages Over Land Assets

Published on Jul 4, 2024

The Land Law 2024 that shall take effect on 1 August 2024 introduces a new regulation that allows non-bank entities to take security over land use rights. This article will explore how this regulation could impact the real estate financing market and the opportunities and challenges it could bring for both lenders and borrowers.