The relaxation of the first mortgage by the government has benefited the mid-price property
According to data from the Financial Services and the Treasury Bureau, among the high percentage of mortgage applications approved after the mortgage easing, more than 4 million yuan accounted for 90% of properties, a substantial increase from the previous half of the easing.
According to the reply of the Secretary for Financial Services and the Treasury, Mr Lau Yi-cheung, in response to a Legislative Council inquiry
more than 99% of the approved first-time home buyers are Hong Kong residents. In the meantime, as many as 1,870 applications were approved, with more than 80% of mortgage applications.
In contrast, there were only 3,089 cases from January to October 15 this year. The data show that applications for high-insurance insurance have increased significantly due to the relaxation measures.
6 to 8 million cases accounted for 30.9%
If it is divided according to different silver codes, in recent years, the application for insurance of properties from 4 million yuan or 4 million to 6 million yuan has accounted for roughly half of the total. The proportion of applications below RMB dropped to 10.3%, involving 192 cases.
In other words, more than 90% of the applied unit prices exceeded 4 million yuan, of which the latest relaxation of 6 million to 8 million yuan also accounted for 30.9%, involving 578 cases. Unit transactions to $ 10 million also accounted for 8.7%, or 163.