New World Yuen Long Shenjian private subsidized housing site is located opposite Qinbai Road, Lam Hei Road, 300 units will be completed after 5 years

"Easy Mortgage" and "Progressive Payment" mortgage models. Including when the transaction is completed, the buyer only needs to undertake the mortgage of half the property price, and the remaining half of the mortgage can be built in one go or in stages within 10 years after the transaction is completed, so as to solve the problem of young families lacking a large down payment and struggling to supply properties in the early stage of home purchase question. At the same time, it is proposed to refer to the current subsidized housing practice, including the guarantee period, transfer restrictions, and the treatment of re-mortgage. As the relevant proposals involve the current property sales and mortgage policies, the team has been discussing the project details with government departments, the HKMA, banks and other relevant institutions and the industry in the past few months, listening to the opinions of all parties and optimizing the suggestions. Announced to the public.

As for the application details of the subsidized housing this time, the team pointed out that the application eligibility and approval details of the scheme are being prepared, and refer to the current HOS eligibility approval arrangements. Any news will be announced as soon as possible. The team added that they are glad that the project has received a positive response from relevant institutions, and hope that after the new model is successfully created, it can cooperate with all sectors of society to expand the scale of the project.

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