2024-04-25 28Hse Editor
Set up a progressive "Car Easy" mortgage for the first phase of only 135,000 yuan as the owner
In order to alleviate the problem of high property prices in Hong Kong and the difficulty for young people to get upstairs, a real estate developer launched a non-profit-making housing social enterprise building for the first time. It plans to build 300 units on a land in the New Territories under the group’s saleable area ranging from 300 square feet to 550 square feet. One-bedroom to three-bedroom units of 1 square feet are available for eligible Hong Kong residents aged 25 to 45 to apply for first-time home buyers. The unit is priced at 50% to 40% off the market price. The estimated selling price is about 2.7 million to 4.95 million yuan. The developer also provides a new and progressive "easy-to-car" mortgage. The cheapest unit can be the owner of the first installment of 135,000 yuan. , The monthly contribution is about 5,010 yuan, and the remaining property price can be built in a lump sum or in stages within 10 years after the transaction of the unit. The "lock-up period" is 3 to 5 years. The developer pointed out that it is discussing issues such as land premium concessions with the SAR government, and the details are expected to be announced within six months to one year. It is understood that the project is expected to be completed within 5 years. The Hong Kong Special Administrative Region Government welcomes the proposal and will maintain communication with the other party to understand the specific content of the plan. reporter Gao Junwei
The non-profit housing social enterprise "New World Builds a Good Life" established by New World Development announced yesterday that it plans to launch the first privately-funded housing project to sell affordable housing for the public in a non-profit-making manner, unit prices, application qualifications and sales arrangements, etc. All refer to the current HOS Scheme.
50% to 40% off the market price
Taking a unit with a saleable area of 300 square feet as an example, using the current land premium amount and calculating with reference to the land premium discounts received by public subsidized housing agencies, together with construction costs and other costs, the relevant unit will be sold for about 2.7 million yuan, which is equivalent to the market price of private properties. About 50% to 40% off. In order to assist young people in buying homes, the plan recommends referring to the existing HOS arrangements, giving priority to people aged 25 to 45 or families in applying for them, and they must be Hong Kong permanent residents and first-time home buyers. The income ceiling and asset ceiling also refer to the HOS.
The plan intends to implement the new "Easy Auto Mortgage" and "Incremental Repayment" mortgages to solve the problem of the lack of large down payments for young families and the difficulty of initial payment for home ownership. When the property is transacted, the buyer only needs to take up a mortgage for half of the purchase price of the unit, and the mortgage for the remaining half of the property price can be taken in the future. In other words, the buyer can easily repay the property at the beginning of the purchase. As the economic income increases, gradually Undertake a larger portion of the mortgage and gradually increase the monthly payment.
Prohibition of sales and rent for the first 3 to 5 years
Taking the cheapest unit of 2.7 million yuan as an example, buyers can apply for a 90% mortgage for half of the property price, which is 1.35 million yuan. In disguised form, they only need to pay 5% of the original property price, which is 135,000 yuan, for the down payment. At the time of the transaction, the remaining 1.215 million yuan of mortgage was undertook. Based on the current general interest rate of P-2.5%, the buyer's monthly contribution is about 5,010 yuan. As for the mortgage for the remaining property prices, it can be undertaken in one lump sum or in stages within 10 years after the transaction of the unit. As for the repayment period, the current mortgage regulations will be referred to, which is generally up to 30 years.
buildingIn terms of transfer arrangements, the buyer cannot sell or lease the relevant unit within the first 3 to 5 years of the purchase of the unit. Buyers also need to complete a 100% mortgage before they can sell the unit to a qualified person. Buyers can also let the unit freely sell on the market after making up for the difference in land price to the government from the tenth year after buying the unit.
Zheng Zhigang, chairman of "New World Builds a Better Life" and Chief Executive Officer of New World Development, said that in the next few months, the plan will be discussed with the SAR government, relevant agencies and the industry and the recommendations will be optimized, and the details will be announced after the details are finalized. If the proposal is implemented, New World Development will donate a piece of land in the west of the New Territories for testing. As the plan involves the existing building transaction and mortgage policies, it still needs to be discussed with banks and relevant regulatory agencies.
Transport and Housing Bureau: Citizens have one more choice
A spokesman for the Transport and Housing Bureau said that if the plan is implemented, it will help increase the supply of subsidized housing and give people who are interested in buying a home another choice.
The spokesman also pointed out that in order to meet the public's demand for public rental housing and subsidized sale housing, the SAR government has been working hard to find land to build more public housing. It has now secured about 350 hectares of land and can build about 330,000 in the next 10 years. Public housing units are sufficient to meet the estimated demand for 301,000 public housing units during the period.
In response, the Housing Association said that it is happy to see innovative suggestions from all sectors of the society to work together to solve the housing needs of the people, and it is willing to communicate with different companies and organizations.
The HKMA stated that it has noticed that some private organizations have proposed to launch new housing plans to assist young families aged 25 to 45 to buy their own homes through arrangements such as property price discounts and "progressive payment". The HKMA will actively study with relevant parties how the relevant bank mortgage arrangements can cope with the launch of the new housing plan.
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