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  • 2 Post By Hkemail888

Home Mortgage Rule Change (<10M HKD)

  1. #1

    Join Date
    Dec 2002

    Home Mortgage Rule Change (<10M HKD)

    Eligible first-time home buyers can now pay just 10% down payment for properties under construction with values of up to HK$10 million (US$1.3 million), Hong Kong Mortgage Corp. subsidiary said in a statement late Friday. Previously, buyers of such properties valued over HK$6 million could only obtain 70% loan-to-value ratio, resulting in higher down payment requirements.
    While the move will hand more purchasing power to new home buyers, it won’t boost the overall property market unless the government relaxes the stress test requirement, said Sammy Po, chief executive officer of the home division at Midland Realty.

  2. #2

    Join Date
    Sep 2015

    No need mortgage, there are two large snowball mark six coming up. Just invest in those two mark six and can buy property in cash.

    north2 and chuckster007 like this.