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HONG KONG HOUSING AUTHORITY Home Ownership Scheme and Private Sector Participation Scheme It is hereby notified that the Financial Secretary and the Hong Kong Housing Authority have specified that for mortgages of flats in the Home Ownership Scheme and the Private Sector Participation Scheme listed in column one of the schedule below, which become effective or are due for a recalculation of interest within the three months from 6 December 2010, the rate of interest to be charged on the principal outstanding from time to time during the period shown in column two shall be as indicated in column three. Notwithstanding the foregoing, participating financial institutions shall be at liberty to charge interest pursuant to the legal charge at a lower rate than that shown in column three.
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