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
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
READ FULL ARTICLE