allocation_status

Archive

Hong Kong Housing Authority

Government Notice

HOME OWNERSHIP SCHEME AND PRIVATE SECTOR
PARTICIPATION SCHEME
THE 1986 TO THE 1991 FLATS - MORTGAGE INTEREST RATES

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 2007, 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.

Schedule
Column 1	Column 2	Column 3
The 1986 (Phases 8B and 8C), the 1987 (Phases 9A, 9B and 9C), the 1988 (Phases 10A, 10B and 10C), the 1989 (Phases 11A, 11B and 11C), the 1990 (Phases 12A, 12B and 12C) and the 1991 (Phases 13A, 13B and 13C) flats of the Home Ownership Scheme and the Private Sector Participation Scheme	Three months from the date of the completion of purchase or the due date for recalculation of interest rate under the terms of the mortgage	7.625% per annum

CHAN Chun-yuen, Director of Housing

7 December 2007

Hong Kong Housing Authority and Housing Department

Archive