CHEUNG Kong (Holdings) has secured support from banks to provide generous mortgages for 50 duplex penthouse units on sale at Kingswood Villas.
Sales manager Joseph Lau said 12 banks would extend mortgages to buyers, with some of them offering special discounts in mortgage rates.
Citibank, First Pacific Bank, Bank of China and Yien Yieh Bank would offer mortgages at 0.75 percentage points below the normal interest rate, he said.
Dao Heng Bank would offer a one percentage point discount in rates for the first three years and a 0.75 percentage point discount for the remainder of the mortgage term, he said.
He said Dao Heng's package allowed borrowers to choose a fixed repayment amount, under which the bank would extend the maturity of loans beyond the 25-year limit in case interest rates went up.
Mr Lau said Dah Sing Bank promised to offer a 0.5 percentage point discount in interest rates and to return a cash coupon worth 0.5 per cent of the loan amount to borrowers.