Current Mortgage Policy – Standard Chartered HK

Personal

Business

Cross Border

Digital Banking

This hyperlink will bring to you to another website on the Internet, which is published and operated by a third party which is not owned, controlled or affiliated with or in any way related to Standard Chartered Bank (Hong Kong) Limited or any member of Standard Chartered Group ( the "Bank").

The hyperlink is provided for your convenience and presented for information purposes only. The provision of the hyperlink does not constitute endorsement, recommendation, approval, warranty or representation, express or implied, by the Bank of any third party or the hypertext link, product, service or information contained or available therein.

The Bank does not have any control (editorial or otherwise) over the linked third party website and is not in any way responsible for the contents available therein. You use or follow this link at your own risk. To the extent permissible by law, the Bank shall not be responsible for any damage or losses incurred or suffered by you arising out of or in connection with your use of the link.

Please be mindful that when you click on the link and open a new window in your browser, you will be subject to the terms of use and privacy policies of the third party website that you are going to visit.

Proceed to third party website

Gain an understanding of current policies affecting the property market, so you can plan your budget better before buying a property.

Follow these 6 steps to complete your home purchase journey.

Steps to Buying a Home - Step 1 - Find out current mortgage policies

Step 1: Find out about current mortgage policies

Find out current policies affecting the property market, so you can plan your budget better before buying a property.

1. If you do not have an existing mortgage loan, or if you plan to refinance an existing loan with no cash-out:

Types of properties	Property Price	MAXIMUM LOAN-TO-VALUE (LTV)*
Self-use Residential Properties	Below or equal to HK$15,000,000	70%
	Above HK$15,000,000 to HK$17,500,000	60% – 70% (Maximum HK$10,500,000)
	Above HK$17,500,000 to HK$30,000,000	60%
	Above HK$30,000,000 to HK$36,000,000	50% – 60% (Maximum HK$18,000,000)
	Above HK$36,000,000	50%
Non self use Residential Properties	All	50%

2. If you already have an existing mortgage loan, or if you plan to refinance your existing loan with cash-out:

Please contact our Mortgage Masters on (852)2886-8855 for more details.

3. If you want to borrow up to 90% of the property value under the Up to 90% Mortgage Plan:

Existing MIP^#

Properties Price	Maximum Loan-To-Value (LTV) for Home Purchase
HK$4,000,000 or below	90%*
HK$4,000,001 – HK$4,499,999	80% – 90%* (Maximum HK$3,600,000)
HK$4,500,000 – HK$6,000,000	80%

* Mortgage Loan exceeding 80% LTV ratio under Mortgage Insurance Programme is only applicable to regular salaried first time homebuyers (not holding any properties at the time of application) with debt-to-income ratio up to 50% and subject to relevant guidelines and final approval.

^#Applicable for both residential properties under construction and completed residential properties and provisional S&P date signed before 22 September 2023.

New Coverage ^#

Property Value	>HK$4M and ≤HKD10M	>HK$10M and ≤HKD11.25M	>HK$11.25M and ≤HKD15M	>HK$15M and ≤HKD17.15M	>HK$17.15M and ≤HKD30M
Maximum Loan-to-value (LTV) ratio	90%*	LTV 80-90%* (Maximum HK$9,000,000)	LTV 80%	LTV 70-80% cap (Maximum HK$12,000,000)	LTV 70%
First-time homebuyer	Required		Not Required
Regular Income	Required		Not Required

^* Mortgage Loan exceeding 80% LTV ratio under Mortgage Insurance Programme is only applicable to regular salaried first time homebuyers (not holding any properties at the time of application) with debt-to-income ratio up to 50% and subject to relevant guidelines and final approval.

^#If the provisional S&P date is signed before 22 September 2023, the property must be a completed residential properties to apply for MIP under new coverage.

^#If the provisional S&P date is signed on or after 22 September 2023, both completed residential properties and residential properties under construction are applicable for the MIP under new coverage.

Applicable to instruments executed at 11 am on 22 February 2023 and thereafter:

Any residential property acquired by a Hong Kong Permanent Resident who does not own any other residential property in Hong Kong at the time of acquisition will be subject to the following stamp duty:

Amount or value of the consideration (HKD)		Stamp Duty (HKD)
Exceeds	Does not exceed	–
–	$3,000,000	$100
$3,000,000	$3,528,240	$100 +10% of the excess over $3,000,000
$3,528,240	$4,500,000	1.5% of purchase price
$4,500,000	$4,935,480	$67,500 +10% of the excess over $4,500,000
$4,935,480	$6,000,000	2.25% of purchase price
$6,000,000	$6,642,860	$135,000 + 10% of the excess over $6,000,000
$6,642,860	$9,000,000	3% of purchase price
$9,000,000	$10,080,000	$270,000 +10% of the excess over $9,000,000
$10,080,000	$20,000,000	3.75% of purchase price
$20,000,000	$21,739,120	$750,000 + 10% of the excess over $20,000,000
$21,739,120	–	4.25% of purchase price

Applicable to instruments executed before 11 am on 22 February 2023

Amount or value of the consideration (HKD)		Stamp Duty (HKD)
Exceeds	Does not exceed	–
–	$2,000,000	$100
$2,000,000	$2,351,760	$100 +10% of the excess over $2,000,000
$2,351,760	$3,000,000	1.5% of purchase price
$3,000,000	$3,290,320	$45,000 +10% of the excess over $3,000,000
$3,290,320	$4,000,000	2.25% of purchase price
$4,000,000	$4,428,570	$90,000 + 10% of the excess over $4,000,000
$4,428,570	$6,000,000	3% of purchase price
$6,000,000	$6,720,000	$180,000 +10% of the excess over $6,000,000
$6,720,000	$20,000,000	3.75% of purchase price
$20,000,000	$21,739,120	$750,000 + 10% of the excess over $20,000,000
$21,739,120	–	4.25% of purchase price

1. Any residential property acquired by a Hong Kong Permanent Resident who own one or more residential property in Hong Kong at the time of acquisition, other by an individual or a company, will be subject to the new rates of ad valorem stamp duty (“AVD”):

The AVD rate for residential property transaction applies with a flat rate of 7.5%.

2. . Any residential property acquired by a Hong Kong non-permanent resident or a company at the time of acquisition will be subject to the Buyer’s Stamp Duty (“BSD”).

The BSD rate for residential property transaction applies with a flat rate of 7.5% (on top of the existing stamp duty and the special stamp duty if applicable).

3. Special Stamp Duty (“SSD”) is a tax levied on property transactions. Buyers need to pay the tax if they sell the property within a specified period of time after purchasing the residential property. The relevant laws do not specify that the tax must be paid by the owner or new buyer.

The newly revised SSD is applicable for the following period:

Holding period of the property by the seller or transfer before deposal	Tax rate
6 months or less	20% of purchase price
More than 6 months but for 12 months or less	15% of purchase price
More than 12 months but for 24 months or less	10% of purchase price

The above-mentioned amendments to the “Stamp Duty Ordinance” are based on the policy address published on 25 October 2023 and the Inland Revenue Department. The revised relevant tax rates have come into effect on the same day.

To borrow or not to borrow? Borrow only if you can repay!

You're about to leave our website

Gain an understanding of current policies affecting the property market, so you can plan your budget better before buying a property.

Steps to Buying a Home

What is the maximum Loan-To-Value allowed?

How much government stamp duty do I need to pay on property sales or transfers?

Applicable to instruments executed at 11 am on 22 February 2023 and thereafter:

Applicable to instruments executed before 11 am on 22 February 2023