Residential Properties				Non-Residential Properties
	Self-use Residential Properties		Company acquired / Non self- use Residential Properties
Source of income	Hong Kong	Outside Hong Kong	Hong Kong	Outside Hong Kong	Hong Kong	Outside Hong Kong
If applicant does not hold any mortgage plans
At or below HK$10,000,000	60% (Maximum HK$5,000,000)	50% (Maximum HK$4,000,000)	50%	40%	40%	30%
At or above HK$10,000,000	50%	40%
Approval by asset value ( Regardless of value)	40%				30%
If applicant holds one or more mortgage plans
At or below HK$10,000,000	50% (Maximum HK$4,000,000)	40% (Maximum HK$3,000,000)	40%	30%	30%	20%
At or above HK$10,000,000	40%	30%
Approval of asset value ( Regardless of value)	30%				20%

 
 

Mortgage Insurance Plan MIP (Have purchased Mortgage Insurance Plan MIP)

Property value	Maximum LTV Ratio
<=$8 million (only apply to first-time home buyers & regular salaried persons)	90%
>$8 million but <$9 million (only apply to first-time home buyers & regular salaried persons)	80% to 90% (max loan cap of $7.2 million)
>=$9 million but <=$10 million	80%

15% extra charge will be applied to property value of 4 million or above
Not accept the MIP applications if borrower’s income is derived mainly outside Hong Kong
Maximum debt-to-income ratio of 50%  
 

LTV for Net-worth-based Leading Application

Property	Maximum LTV Ratio
First property	40%
Second property	30%

 
 

Repayment period of primary residential property

• A maximum repayment period of 30 years

  
 

Mortgage Insurance Plan (MIP)

Property value	Maximum LTV Ratio
<=$4 million	80% or 90%*
>$4 million but <$4.5 million	80% to 90% (max loan cap of $3.6 million)
>=$4.5 million but <=$6 million	80% (max loan cap of $4.8 million)

Not accepted the MIP application if the borrowers whose income is derived mainly from outside Hong Kong

*Only applicable to application with (i) all mortgagors not holding any residential properties in Hong Kong
at the time of application; (ii) all applicants being regular salaried persons; and
(iii) maximum debt-to-income ratio of 45%

 

New Ad Valorem Tax (AVD)

A new flat rate of 15 per cent for the ad valorem stamp duty (AVD) chargeable on transactions for residential property. Except for specified exemptions, the new rate applies to all acquisitions of residential property by individuals or companies. The major exemption is where the buyer is a Hong Kong Permanent Resident acting on his/her own behalf and is not a beneficial owner of any other residential property in Hong Kong at the time of acquisition of a residential property. Under such circumstances, the new AVD rate will not apply and the relevant transaction is only subject to the lower AVD rates at Scale 2.
 

Special Stamp Duty (SSD)

Holding period	Rate
<=6 months	20%
>6 months but <=12 months	15%
>12 months but <=36 months	10%

 
 

Buyer Stamp Duty (BSD)

Applicants / Companies	Rate
Non Hong Kong permanent residents, local or overseas companies	15%

 

Debt-to-income (DTI) Ratio

	Maximum DTI Ratio (Self use)		Maximum DTI Ratio (Non-self-use)
Source of income	Hong Kong	Outside Hong Kong	Hong Kong	Outside Hong Kong
First time homebuyer/ does not hold any mortgage plans / does not have guarantee
Debt-to-income (DTI) Ratio	50%	40%	40%	30%
Stressed-DTI Ratio	60%	50%	50%	40%
Non-first time homebuyer/ hold mortgage plan(s) / have guarantee
Debt-to-income (DTI) Ratio	40%	30%	40%	30%
Stressed-DTI Ratio	50%	40%	50%	40%

Based on 3% interest rate hike
 
 

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2. Commercial and Industrial Properties

 

Loan-to-value (LTV)

Property	Maximum LTV Ratio
	Applicants’ income mainly derived in HK	Applicants’ income mainly derived from outside HK
First Property	50%	40%
Second Property	40%	30%

 
 

LTV for Net-worth-based Leading Application

Property	Maximum LTV Ratio
First property	40%
Second property	30%

 
 

Ad Valorem Tax (AVD)

Ad valorem stamp duty (AVD)
Property Price		Rate
Exceeds	Does not exceed
-	$2,000,000	1.5%
$2,000,000	$2,176,470	$30,000 + 20% of excess over $2,000,000
$2,176,470	$3,000,000	3%
$3,000,000	$3,290,330	$90,000 + 20% of excess over $3,000,000
$3,290,330	$4,000,000	4.5%
$4,000,000	$4,428,580	$180,000 + 20% of excess over $4,000,000
$4,428,580	$6,000,000	6%
$6,000,000	$6,720,000	$360,000 + 20% of excess over $6,000,000
$6,720,000	$20,000,000	7.5%
$20,000,000	$21,739,130	$1,500,000 + 20% of excess over $20,000,000
$21,739,130	-	8.5%

 
 

Stamp Duty Payment

• Settle the stamp duty payment upon signing the “Agreement for Sale and Purchase”.

 
 

Debt-to-income (DTI)

Property	DTI Limit
First property	40%
Second property	40%

 
 

Stressed-DTI

Property	Stressed DTI Limit
First property	50%
Second property	50%

Based on 3% interest rate hike

 

Repayment period

• A maximum repayment period of 30 years
   

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3. Car Park Space

 

Loan-to-value (LTV)

Property	Maximum LTV Ratio
	Applicants’ income mainly derived in HK	Applicants’ income mainly derived from outside HK
First Property	50%	40%
Second Property	40%	30%

 
 

LTV for Net-worth-based Leading Application

Property	Maximum LTV Ratio
First property	40%
Second property	30%

 

Debt-to-income (DTI) Ratio

Property	DTI Ratio Limit (Self-use)	DTI Ratio Limit (Non Self-use)
First car park*	50%	40%
Second car park	40%	40%

 

Stressed-DTI Ratio

Property	DTI Ratio Limit (Self-use)	DTI Ratio Limit (Non Self-use)
First car park*	60%	50%
Second car park	50%	50%

Based on 3% interest rate hike

 

Repayment period

• A maximum repayment period of 15 years

 
 
The above information is for reference only. Information as of 19 August 2020.
All terms and conditions are subject to HKMA, HKMC and Inland Revenue Department’s final approval.
For details, please refer to relevant websites.