HK will increase mortgage limit to boost apartment market - 2003-08-04
Hong Kong, where real estate prices have dropped two-thirds since their 1997 peak, may permit apartment buyers to take out bigger mortgages to boost the sagging market.
The city may raise the limit on mortgages on resale apartments from the current 70 percent as part of measures to be announced in October, the < While the plan may make it easier for people to buy homes, it won't be successful unless consumer confidence also improves, some investors said.
Read the full story at Taipei Times Online