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