Hong Kong plans to 'fine-tune' the maximum size of mortgages available to first-time homebuyers, Financial Secretary Paul Chan said in a radio interview on Sunday.
A general view of skyline buildings, in Hong Kong, China July 13, 2021. REUTERS/Tyrone Siu/File Photo
Chan told Commercial Radio Hong Kong that residents want to upgrade homes after starting families so the government is discussing with the de facto central bank to adjust mortgages to sizes that balance buyer interest and financial security.
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