The scheme was announced as a pilot in the 2020-2021 budget and extended last November. Fixed-rate mortgage loans totalling around HKD 400 million have so far been approved.
November 2, 2021Banks should operate with a mortgage serviceability buffer of at least 3 percentage points over the loan interest rate, and control lending at high debt-to-income ratios.
October 7, 2021The RBNZ will likely use prudential tools such as the LTV limits, bank stress testing, and capital requirements to deter certain types of mortgage lending.
March 3, 2021The accumulation of excessive debt may pose a risk to the economic recovery, the FSC said, pledging to introduce measures to rein in household and corporate debt.
February 1, 2021The scheme provides an alternative financing option for homebuyers to mitigate risks arising from interest rate volatility.
November 4, 2020Under the six-month pilot scheme, participating banks will offer fixed-rate mortgage loans, capped at HK$10mn per loan transaction, and subject to a total aggregate cap of HK$1bn.
May 6, 2020The release of the new debt-to-income data comes as the government considers including it as an additional tool in the RBNZ’s macro-prudential toolkit.
August 14, 2019