Politics
Hong Kong government lowers young parents’ down payment on subsidised flats.
The 95% mortgage cap applies to parents of newborns or toddlers renting privately.
OriginalSourceSouth China Morning PostHong KongOwner: Alibaba GroupLeanCenterCredibilityPublished07:51 UTCRatings: AllSides, MBFCSourceSouth China Morning PostHong KongOwner: Alibaba GroupLeanCenterCredibilityPublished07:51 UTCRatings: AllSides, MBFC
“Hong Kong government lowers down payment on subsidised flats for young parents”
“Young Hong Kong couples have been given another incentive to have children, with officials lowering the down payment required when buying a subsidised flat. The Housing Authority said on Friday that a committee had approved two enhanced measures for subsidised sale flats.”
Hong Kong lowers down payment for subsidised flats for young parents
Key points
- Housing Authority approved two enhanced measures for subsidised sale flats.
- Next Home Ownership Scheme sale will raise mortgage loan-to-value ratio to 95%.
- The increase applies to parents with newborns or toddlers who rent private homes.
- Previously the limit was 90%, now raised to match the higher tier.
- Policy aims to incentivize young couples to have children by easing purchases.
How it got here
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7 7 Hong Kong government lowers young parents’ down payment on subsidised flats.
The 95% mortgage cap applies to parents of newborns or toddlers renting privately.