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

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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

Follow these 6 steps to complete your home purchase journey.

Steps to Buying a Home - Step 1 - Find out current mortgage policiestab step 2tab step 3tab step 4tab step 5tab step 6

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.

What is the maximum Loan-To-Value allowed?

1. If you do not have an existing mortgage loan, or if you plan to refinance an existing loan with no cash-out:
MAXIMUM LOAN-TO-VALUE (LTV)*
TYPES OF PROPERTIES PROPERTY PRICE APPLICANT’S INCOME DERIVED MAINLY IN HONG KONG APPLICANT’S INCOME DERIVED MAINLY FROM OUTSIDE HONG KONG
Self-use Residential Properties Below HK$10,000,000 60%
(Maximum HK$5,000,000)		 50%
(Maximum HK$4,000,000)
HK$10,000,000 or above 50% 40%
Non-self use Residential Properties All 50% 40%
* LTV will be lowered if customer holds more than one mortgage loan
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 80% or 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%
(Maximum HK$4,800,000)

^ Income derived from outside Hong Kong will not be considered under the Up to 90% Mortgage Plan. (Source: Hong Kong Mortgage Corporation effective from 27 February 2015)
* 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.

New Coverage

PROPERTIES PRICE
MAXIMUM LOAN-TO-VALUE (LTV) FOR HOME PURCHASE
HK$4,000,000 – HK$8,000,000 80% or 90%*
HK$8,000,001 – HK$8,999,999 80% – 90%*

(Maximum HK$7,200,000)
HK$9,000,000 – HK$10,000,000 80%

(Maximum HK$8,000,000)

^ Income derived from outside Hong Kong will not be considered under the Up to 90% Mortgage Plan. (Source: Hong Kong Mortgage Corporation effective from 27 February 2015)

* 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.

The property must be a completed residential properties located in Hong Kong and applicable for the mortgage application date or S&P signed date on or after 16 October 2019.

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

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
(Source: Inland Revenue Department)

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 –
– $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
(Source: Inland Revenue Department)
1. Any residential property (except that acquired by a Hong Kong Permanent Resident who does not own any other residential property in Hong Kong at the time of acquisition) and non-residential property acquired on or after 5 November 2016, either 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 transactions applies with a flat rate of 15%.

2. Effective from 27 October 2012, a Buyer’s Stamp Duty (“BSD”) has been introduced on residential properties acquired by any person (including a company incorporated) except a Hong Kong Permanent Resident.

BSD is to be charged at a flat rate of 15% on all residential properties, on top of the existing stamp duty and the special stamp duty, if applicable.
(source: Inland Revenue Department effective from 27 October 2012)

3. With the launch of Special Stamp Duty (“SSD”), any residential property acquired on or after 20 November 2010, either by an individual or a company (regardless of where it is incorporated), and resold within 24 months (the property was acquired on or after 20 November 2010 and before 27 October 2012) or 36 months (the property was acquired on or after 27 October 2012), will be subject to Special Stamp Duty (“SSD”):
Holding period of the property by the seller
or transfer before deposal
The property was acquiredon or
after 20 November 2010and before
27 October 2012
The property was acquiredon or
after 27 October 2012
6 months or less 15% of purchase price 20% of purchase price
More than 6 months but for 12 months or less 10% of purchase price 15% of purchase price
More than 12 months but for 24 months or less 5% of purchase price 10% of purchase price
More than 24 months but for 36 months or less – 10% of purchase price

（source: Inland Revenue Department effective from 20 November 2010）

The above information is for reference only, and not binding on Standard Chartered (Hong Kong) Limited (the “Bank”). The Bank does not warrant the accuracy, timeliness or completeness of any of such information or whether they are fit for any purposes. The Bank also does not assume any liability for any reliance on such information.

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