Mortgage extended to 50 years! This first-tier city is good because the Hong Kong government released the Chief Executive's 2023 Policy Address in order to stabilize economic growth, which includes a reduction in stocks

Mortgage extended to 50 years! This first-tier city, the good is coming

In order to stabilize economic growth, the Hong Kong government released the Chief Executive's 2023 Policy Address, which included a reduction in the stamp duty on shares from 0.13% to 0.1%, with the goal of completing the legislative process by the end of November. At the same time, Hong Kong also announced the enhancement of the public housing system and the relaxation of the mortgage loan guarantee arrangement for subsidized sale flats, including extending the maximum mortgage guarantee period of 30 years in the second-hand market to 50 years, so that buyers can obtain longer mortgage loans. Stamp duty on new home purchases for Hong Kong permanent residents will be reduced from 15% to 7.5%. These are all big moves to promote the development of the stock market and property market.