The rule change will allow 3,200 pensioners who have reverse mortgage arrangements to lease out their homes as long as they declare they are retired. Photo: EPA-EFE

Hong Kong changes reverse mortgage rules, paving way for pensioners to settle in ‘Greater Bay Area’

  • Government allows retired individuals to lease out reserve mortgage homes
  • Public annuity scheme attracts another HK$500 million after subscriptions cap raised to HK$2 million in December
Topic |   Hong Kong Mortgage Corporation

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The rule change will allow 3,200 pensioners who have reverse mortgage arrangements to lease out their homes as long as they declare they are retired. Photo: EPA-EFE
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Enoch Yiu

Enoch Yiu

Enoch joined the Post as a business reporter in 1996. Before that, she worked at a Chinese daily newspaper for four years. She is author of two books: 'They Mean Business: 50 exclusive interviews with Hong Kong top executives' and 'Serving with Passion: stories of established catering brands in Hong Kong'.