Mortgage Offers for First Time Buyer

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  1. #1

    Join Date
    Apr 2005
    Posts
    18

    Talking Mortgage Offers for First Time Buyer

    I am hoping to buy a flat in HK and wondered if there are any offers for first time buyers whereby initial deposit and expenses are minimal?

    Also, I like Tsuen Wan and Sham Sheng, Tsing Yi area - anyone living at "Bellagio", "Cairnhill", "Cliveden" (new developments in Tsuen Wan). Property prices seem much more realistic around these areas.

    Would be grateful for any replies.


  2. #2

    Join Date
    Apr 2003
    Posts
    12,383

    The developers usually have offers for brand new properties. Keep in mind their interest rates are designed to screw over buyers who need the additional top up.

    OR

    Look for a partner of the Hong Kong Mortgage corporation.

    http://www.hkmc.com.hk/

    Lastly ... make sure you read this document. It outlines most costs / issues associated with buying property in HK.

    http://www.deacons.com.hk/eng/knowle...owledge_60.htm


  3. #3

    Join Date
    Apr 2005
    Posts
    18

    Am really grateful for your reply Knowitall - cheers!


  4. #4

    Join Date
    Apr 2005
    Posts
    18

    can't believe there is no one else out there who can help!!!