Property News · January 17, 2018

First-time buyers in Hong Kong may be allowed to use MPF savings to buy a house … but don’t hold your breath


First-time buyers in Hong Kong could eventually be allowed to withdraw their Mandatory Provident Fund savings to buy property, under proposals being considered by the pensions regulator.
Senior executives at the Mandatory Provident Fund Schemes Authority (MPFA) said on Wednesday that the idea is being studied, although it is unlikely to happen “any time soon” because it would only fuel the city’s sizzling property market, already seen by many as a bubble on the verge of…

Source : South China Morning Post
Read more…First-time buyers in Hong Kong may be allowed to use MPF savings to buy a house … but don’t hold your breath

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