City leader Carrie Lam has floated a new mortgage arrangement for subsidised housing that would see down payments and monthly instalments sharply reduced. Photo: Winson Wong
City leader Carrie Lam has floated a new mortgage arrangement for subsidised housing that would see down payments and monthly instalments sharply reduced. Photo: Winson Wong

Hong Kong considering new mortgage scheme that would slash payments, monthly instalments for subsidised flats, city leader says

  • So-called progressive payment scheme would see down payments and monthly instalments roughly halved
  • Chief Executive Carrie Lam says government hopes to allow residents, including those waiting for public housing, to ‘leapfrog’ renting and purchase homes instead

Topic |   Hong Kong housing
City leader Carrie Lam has floated a new mortgage arrangement for subsidised housing that would see down payments and monthly instalments sharply reduced. Photo: Winson Wong
City leader Carrie Lam has floated a new mortgage arrangement for subsidised housing that would see down payments and monthly instalments sharply reduced. Photo: Winson Wong
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