30 March 2001

Sun Hung Kai Properties, in collaboration with the Bank of East Asia, propertystreet.net and bankingstreet.net, is now offering a special incentive programme to first-time buyers purchasing their homes under the Government's Home Starter Loan Scheme. The incentive applies to buyers of units in Oscar by the Sea, The Parcville, Grand Villa, and Chelsea Heights Phase II, with immediate effect.

There are two options under the incentive programme. With Plan A, the Bank of East Asia will offer mortgages at no higher than prime less 2.4% over the full term of the mortgage, and under Plan B, buyers will be entitled to a cash rebate of approximately $100,000.

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