Property News · September 21, 2017

New World weighs ‘super low’ down payment scheme to help university grads get on housing ladder


New World Development is considering a special financing scheme to help local university graduates gain a foothold on the housing ladder at “super low” initial down payments.
The scheme is intended for first time buyers.
Adrian Cheng Chi-kong, executive vice-chairman of New World Development, said the proposal would be structured with a “super-low initial down payment” and a longer repayment period at an interest rate close to the market rate.
“Graduates from the…

Source : South China Morning Post
Read more…New World weighs ‘super low’ down payment scheme to help university grads get on housing ladder

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