The Hong Kong Monetary Authority has introduced a one-time special arrangement to assist buyers of high-priced pre-sale properties, with the mortgage ratio limit increased to 80 percent and the payment-to-income ratio limit raised to 60 percent. Over the past three years, official residential property prices have fallen by more than 25% from their peak. Some buyers of pre-sale residential properties who choose to pay during the construction period may encounter situations where property valuations fall below the fill price when applying for mortgage loans, facing difficulties in raising the down payment. At the same time, some banks have expressed to the Monetary Authority a desire to help these users with real difficulties, provided the risks are manageable. This special arrangement covers self-use pre-sale residential properties for which provisional sale and purchase agreements are signed between January 1, 2021, and December 31, 2023, and for which the mortgage application date is today or later. In addition, the property valuation at the time of applying for the mortgage must be lower than the fill price. (Hong Kong Monetary Authority)