Cheung Kong borrow enough 123% mortgage to fight Sun Hung Kai

Yuen Long Property War, Yuccie Square promote 3 bedroom

of the HKMA, said attention to the development quotient high into several mortgage, ringing in our ears, the new building LTV again go higher, following the recently Yuen Long new properties Release 120% of property "Convex" After the program, the same district House Property Yuccie Square yesterday Furthermore, the introduction of property 123% mortgage scheme. Asked a number of high-risk mortgages, the Executive Director Justin Chiu Cheung means "do not worry," said the push into several mortgage is designed to help people for flat.

Developers big battle of wits, fighting from the property to the payment method. Recently, the earth's Yuen Long PARK YOHO Venezia create a precedent launched "Convex" program, immediately set off ripples in the industry. Cheung Yuen Shi-chou yesterday's price list update, two new mortgage program, namely "turnover of 123% first mortgage" and "95% of the mortgage" on the 25th of this month until July 3 to purchase the specified three tenant (involving 52 property), the buyer can use the two payment methods.

Another increase by 95% twelve attract customers

CKH refers shopping industry in the Yuccie Square may be up to 95% of the outside, so that buyers can borrow more than 28% of the original property; the same time, the introduction of a press, two by a total of up to 95% of the scheme property, eighty percent compared with the previous maximum mortgage more aggressive, while the first 12 months just to pay the interest, according to the new situation to make war into the white-hot real estate mortgage.

Justin Chiu: Group buy less to cause "flooding"

Cheung Kong Executive Director Justin Chiu said that the introduction of a high number of mortgage programs aimed at helping the public for flat, emphasizing not the Air light property, and joked that the group in recent years to buy less "flooding." He added refers to the original buyers if the property is a large estate, the approval will be relatively simple, but as the Civil House and other properties are more difficult, but also appeal to home buyers should be within their means.

New "123 percent plan" items to display, by up to 123% of the price, the loan of up to three years, according to the annual interest rate of a P-2.85% (P 5%), the first 12 months of the buyer pay only the monthly interest rate, followed by repayment of loan principal and interest payments each month. Cheung Kong senior sales manager He Jiaxin supplement, when the buyer may, by signing up to 95% price while also more than the original property by 28% up to 123% for the combined

As for the "95% of the program," a press by up to 50% of the price, and second, by 45%, totaling up to 95%. Press a second mortgage and the first 24 months of interest rate of P-2.25%, followed by the annual interest rate to the prime rate P calculated according to a press and two-year contribution of up to 25 years. Property search of the previous price list, the maximum LTV project one, two prices by a total of up to eighty percent, reflecting the development of more aggressive in lending.

Developers added that as of yesterday have been sold world-chou 967 property, accounting for over 85% of real estate, cash of more than $5.7 billion; among the remaining three-bedroom apartment of about 160 property.

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