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  1. Government plans to sell another $10b of mortgage loans this year

    Posted Aug 05th 2003, 12:00am by Enoch Yiu

    ... The government plans to sell another $10 billion worth of mortgage loans this year, according to Secretary for Financial Services and the Treasury Frederick Ma Si-hang. 'The government has a lot of loans, including the mortgage loans made to first-time home buyers' scheme and the other lending offered to the civil servants,' Mr Ma said in Guangzhou yesterday. ...

  2. Home down payments helped by mortgage insurance scheme

    Posted Apr 17th 2009, 12:00am by Staff Reporter

    ... correspondents feel the down payment for a mortgage is the main hurdle to home ownership and want to have the home-starter loan scheme revived. However, they seem to be oblivious to the Mortgage Insurance Programme launched by the Hong Kong Mortgage Corporation in March 1999. That programme provides insurance cover to the banks for mortgage loans of up to 95 per cent of the property value. ...

  3. Anson Chan's 100pc home loan queried

    Posted Jan 17th 2008, 12:00am by Staff Reporter

    ... Eva Wu The residential mortgage lending cap of 70 per cent adopted by banks is not a statutory requirement, the treasury boss told the Legislative Council yesterday. Secretary ... asked if the government had received any application for special permission to grant a 100 per cent loan to Anson Chan Fang On-sang in 1993 when she was chief secretary. Mr Lau's party ...

  4. U-turn on housing schemes criticised

    Posted Jul 10th 2008, 12:00am by Dennis Chong

    ... worth HK$1.8 million is 32 per cent (the mortgage-to-income ratio), based on the median income of HK$22,700, a mortgage rate of 3.5 per cent, a 70 per cent loan-to-value ratio and a 20-year ... and discontinue the Tenants Purchase Scheme. At the same time, he said the government would continue to offer loan assistance to the public to buy their homes. A bureau spokesman said policy decisions ...

  5. Budget set to extend home loan relief

    Posted Jan 30th 2009, 12:00am by Gary Cheung

    ... Gary Cheung Finance chief mulls lengthening 10-year tax deduction period The government's scheme of providing tax relief for the interest paid on home loans is expected to be extended ... the existing 10 years to 15 years. The mortgage relief measure for homebuyers was announced in the 1998-99 budget by then financial secretary and current chief executive, Donald Tsang Yam-kuen. ...

  6. Land premiums expected to boost coffers by $31.9b

    Posted Mar 17th 2005, 12:00am by Staff Reporter

    ... is able to add to the public coffers an estimated $51 billion from land sales, sale of student loans and investment income from reserves. Officials said yesterday the total estimated land premium ... made up from modifications to land leases, land exchanges or extensions. The government is going to gain an extra $5 billion from the scheduled sale of student loans this year. Officials ...

  7. Ten hidden liabilities are worth $46b

    Posted Jan 06th 2004, 12:00am by Jimmy Cheung

    ... The so-called contingency liabilities cover guarantees made by the government on housing mortgages, export insurance and building safety. Litigation involving the government, as well as contractual ... for these liabilities. 'We may not necessarily have to shoulder these items. But there is still a possibility,'' he said. The Housing Authority is currently the guarantor for housing mortgages ...

  8. Cuts to tax rates win Legco approval

    Posted May 25th 2006, 12:00am by Dennis Eng

    ... the salaries tax rate to the 2002/03 level, which would lower the top marginal rate to 17 per cent. The party also wants home loan interest deductions to apply for the entire mortgage period, a 0.5 per ... of 16 per cent. The new rates, which take effect in the current tax year, will cost the government an estimated $1.5 billion for a full year. The bill also extends a tax deduction for mortgage ...

  9. Key projects to bring $5b in spin-offs

    Posted Nov 24th 2003, 12:00am by Enoch Yiu

    ... income, are more attractive. The government has already sold HK$4.8 billion in civil servant mortgages and $10.9 billion in home starter loans to the Hong Kong Mortgage Corp, which plans ... not privatise any assets this year because its methodology excluded the securitisation of mortgage loans sales. Neighbouring countries make use of outright privatisation to solve their financial ...

  10. Loans system revamp boosted amid lack of trust

    Posted Jul 31st 2012, 12:00am

    ... Cary Huang in Beijing cary.huang@scmp.com The central government's plan to expand a planned revamp of the national financial loans system is a reflection of authorities seeking to combat rising moral degradation. Analysts say the move also suggests that the government recognises that the public is becoming increasingly distrustful amid widespread corruption, negligence ...




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