Hong Kong government lowers down payment on subsidised flats for young parents

Young Hong Kong couples have been given another incentive to have children, with officials lowering the down payment required when buying a subsidised flat. The Housing Authority said on Friday that a committee had approved two enhanced measures for subsidised sale flats. Starting from the Home Ownership Scheme’s next sale exercise, the maximum mortgage loan-to-value ratio for parents with newborns or toddlers who rent private homes will be raised from 90 to 95 per cent, matching the ratio for...