Bridging loans offered for El Futuro

CK Asset (1113) has rolled out new mortgage scheme for homes at El Futuro in Sha Tin that exempts buyers from income and stress tests.

The scheme offers greater flexibility in payments, with several overseas buyers interested in large flats of over 1,000 square feet at the project, said Jim Chim Fan-wing, CKA's sales manager at the property investment and valuation department.

The scheme allows buyers to secure a mortgage of up to 90 percent of the property's purchase price and for the first two years, buyers only need to repay 0.3 percent of the transaction price each month to the lender.

No additional principal or interest payments are required during the two years and buyers are not required to provide proof of income or undergo a stress test.