February 10, 2010

Five major banks offer one-stop mortgage service to YOHO MIDTOWN buyers

YOHO MIDTOWN is Sun Hung Kai Properties' (SHKP) major residential development in the New Territories West. The developer has enlisted five major banks to provide easy, tailor-made mortgage plans for first-time buyers, up-graders and investors. Participating are the Bank of China, Bank of East Asia, Hang Seng Bank, Hongkong and Shanghai Banking Corporation Limited and Standard Chartered Bank.

Sun Hung Kai Real Estate Agency Project Director ¡V Sales Amy Teo, Bank of China (Hong Kong) Personal Banking & Product Management Head of Mortgage Lam Kam Yu, Bank of East Asia Head of Property Loans Kenneth Tsin, Hang Seng Bank Head of Secured Loans Senior Manager Peggy Tam, The Hongkong and Shanghai Banking Corporation Limited Personal Financial Services Senior Manager Mortgages Business Jessie Pun and Standard Chartered Senior Manager of Secured Lending, Strategy & Business Development Consumer Banking Jerome Tsang made the announcement today.

Ms Teo said: "YOHO MIDTOWN has great investment potential. It will have exceptional accessibility with its proximity to the Yuen Long MTR station and direct transport links with the mainland. It will also connect with what will be the biggest shopping centre in the New Territories West. YOHO MIDTOWN has attracted high interest in the market and support from banks. The mortgage plans offered by the banks will feature convenience with designated personnel consultants, diversity with a wide variety of mortgages, mortgage relief of up to loan-to-valuation of 95% to ease buyers' minds, flexibility in repayment repayment period and express loan approval, all exclusively for YOHO MIDTOWN buyers."

Ms Teo added that low mortgage rates have given the property market a boost. We are confident that the diversity of the mortgage options provided by the five banks will satisfy buyers' needs.

YOHO Happy Community
YOHO is a prototype of a happy community. Attention is paid to every detail to create a brand new community for those who are young at heart and value lifestyle, family and friends. YOHO MIDTOWN follows YOHO Town and refines lifestyle by merging the 'Individual' - personal elements, 'Connectivity' ¡V bringing people together through comprehensive transport and 'Space' - extensive living space, reflecting SHKP's commitment to creating a cosmopolitan, vibrant, carefree, healthy and happy community.

About YOHO MIDTOWN
YOHO MIDTOWN will have eight residential towers providing 1,890 units. Typical units will have one to four bedrooms ranging from 400 to 1,400 square feet. Approximately half the units will have two bedrooms, and special designs like four-bedroom units over 1,000 square feet will also be available. YOHO MIDTOWN will make clever use of space and combine architecture and nature to offer a chic style of living.

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