Property News · January 8, 2019

‘Government is crazy’: increase in mortgages for first-time Hong Kong homebuyers will boost debt, limit cooling measures


A possible increase in the amount first-time homebuyers can borrow as mortgage may encourage people in Hong Kong to chase expensive property, further driving up prices in the world’s most expensive property market, analysts have said.
This comes after Paul Chan Mo-po, the special administrative region’s Financial Secretary, hinted on January 5 that the government was considering relaxing “loan-to-value” ratios for mortgages to help first-time homebuyers. But he did not…

Source : South China Morning Post
Read more…‘Government is crazy’: increase in mortgages for first-time Hong Kong homebuyers will boost debt, limit cooling measures