HKMA offers special mortgage policies to help those who bought at property market’s peak

Quick Summary:

One-off scheme increases loan-to-value ratio of mortgage loans to 80 per cent for those who bought unfinished properties from 2021 to 2023.

But many will struggle to get the extra money for the down payment due to the sharp fall in home prices, Tso said.

According to the Land Registry, there were 38,717 first-hand units sold between 2021 and 2023.

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Article Details

Author / Journalist: Enoch Yiu

Category: Business

Markets: Hong Kong

Topics: Mortgage Hkma 2021 Buyers Loans Property Cent Scheme Prices Properties 2023

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-04 @ 20:25:32 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 364 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 24118085

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