Hong Kong has one of the world’s least affordable property markets. Photo: Martin Chan

First-time homebuyers in Hong Kong can aim for pricier flats as city’s leader Carrie Lam announces measures to relax mortgage rules but critics slam move

  • Government-backed agency will relax the ceiling on mortgage financing schemes for first-home buyers
  • Urban Renewal Authority also given new mission of building more subsidised housing, including starter homes
Topic |   Carrie Lam policy address 2019

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Hong Kong has one of the world’s least affordable property markets. Photo: Martin Chan
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Chief Executive Carrie Lam delivers her policy address on Wednesday. Photo: May Tse

Cash injection welcome but details needed, says sports officials after Carrie Lam’s policy address

  • Hong Kong’s Chief Executive promises in her policy address to increase its annual subsidies ‘progressively’ to NSAs
  • Elite training grants for athletes will also increase as they prepare for 2020 Tokyo Games
Topic |   Carrie Lam policy address 2019

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Chief Executive Carrie Lam delivers her policy address on Wednesday. Photo: May Tse
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