{"id":1956430,"date":"2023-06-25T07:27:02","date_gmt":"2023-06-25T11:27:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/hong-kong-to-fine-tune-mortgage-limits-for-first-time-homebuyers\/"},"modified":"2023-06-25T07:29:03","modified_gmt":"2023-06-25T11:29:03","slug":"hong-kong-to-fine-tune-mortgage-limits-for-first-time-homebuyers","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/hong-kong-to-fine-tune-mortgage-limits-for-first-time-homebuyers\/","title":{"rendered":"Hong Kong to adjust mortgage limits for first-time homebuyers."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fhong-kong-to-fine-tune-mortgage-limits-for-first-time-homebuyers%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1956430&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div class=\"entry-content\">\n<p><h2>Hong Kong Plans to Fine-Tune Mortgages for First-Time Homebuyers<\/h2>\n<\/p>\n<p>HONG KONG (Reuters) \u2013 In an effort to meet the demands of residents looking to upgrade their homes after starting families, Financial Secretary Paul Chan announced plans to &#8220;fine-tune&#8221; the maximum size of mortgages available to first-time homebuyers. Chan revealed in a radio interview on Sunday that the government is in discussions with the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/hong-kong-to-fine-tune-mortgage-limits-for-first-time-homebuyers\/\" title=\"Hong Kong to adjust mortgage limits for first-time homebuyers.\">de facto central bank<\/a> to adjust mortgage sizes, striking a balance between buyer interest and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/sinking-ship-just-3-of-8-founding-members-remain-at-scandal-plagued-lincoln-project\/\" title=\"SINKING SHIP: Just 3 of 8 Founding Members Remain at Scandal-Plagued Lincoln Project\">financial security<\/a>.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px;  text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<p>Market participants have been urging the government to relax property market curbs after home prices in one of the world\u2019s most expensive markets dropped 15% last year. Chan has previously said repeatedly he had no intention of doing so.<\/p>\n<p>Currently, buyers can borrow up to 50% of the cost of mid-sized-to-large homes priced over HK$12 million ($1.53 million).<\/p>\n<p>The government relaxed rules in February 2022 to allow first-time buyers to borrow up to 80% for homes costing HK$12 million or less, and 90% for homes priced HK$10 million or less.<\/p>\n<p>($1 = 7.8298 Hong Kong dollars)<\/p>\n<\/p>\n<p> (Reporting by Clare Jim; Editing by Christopher Cushing)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/hong-kong-to-fine-tune\/attachment\/file-photo-china-funds-flock-to-hong-kong-to-sate-2\/\"><\/a><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><h3>Barack Obama Makes Controversial Comments on India<\/h3>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><h3>Week in Review: Major Headlines from Around the World<\/h3>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><h3>Massive Search Ends for Missing Submarine<\/h3>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><h3>More GOP Candidates Enter 2024 Presidential Election<\/h3>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><h3>Japan&#8217;s Military Tests Elon Musk&#8217;s Starlink Satellite Internet Service<\/h3>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><h3>Fresh Troubles at Indian Edtech Startup Byju&#8217;s<\/h3>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><h3>Fresh Troubles at Indian Edtech Startup Byju&#8217;s<\/h3>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Hong Kong intends to adjust the maximum mortgage size for first-time homebuyers, according to Financial Secretary Paul Chan. In an interview, Chan stated that residents desire to upgrade their homes as they start families, prompting discussions with the de facto central bank. The government aims to fine-tune this aspect.<\/p>\n","protected":false},"author":66,"featured_media":1956431,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-1956430","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1956430","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1956430"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1956430\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1956431"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1956430"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1956430"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1956430"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}