Association of Property Agents and Realty Developers of Macau Chairman Ung Choi Kun said yesterday he believed that the maximum mortgage rates available – as required by the government – to local first-time young home buyers should be determined by the size of the residential unit purchased rather than by the purchase price of the flat.
Ung made the remarks while speaking to reporters on the sidelines of a Chinese New Year reception hosted by his association at Plaza Restaurant in Zape.
The government announced early this month new mortgage rules for young locals who want to buy their first home – aged between 21 and 44 – by increasing the percentage of maximum mortgage rates available to them.
Association of Property Agents and Realty Developers of Macau Chairman Ung Choi Kun speaks to reporters at Plaza Restaurant in Zape yesterday. Photo: MPDG
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