No plans for starter loan scheme

PUBLISHED : Thursday, 08 January, 2009, 12:00am
UPDATED : Thursday, 08 January, 2009, 12:00am

There are no plans to resume the Home Starter Loan Scheme to help first-time buyers, Secretary for Transport and Housing Eva Cheng has said. She was responding to legislator Gary Chan Hak-kan's comment yesterday that many young people had to wait a long time for public rental housing. Ms Cheng said the average waiting time for singles under 30 was about two years and pointed to other schemes for such buyers.