Here's What You Need to Know About the New Mortgage Rules in Hong Kong 2023

Posted: Jul 21 2023Last Updated: Jul 21 2023

On July 7th, the Hong Kong Monetary Authority (HKMA) in collaboration with the Hong Kong Mortgage Corporation (HKMC) implemented measures to relax mortgage rules to ease the down payment requirements for potential buyers. These changes benefit first-time buyers and owners looking to trade up by adjusting the loan-to-value (LTV) ratio.

Based on the Hong Kong Monetary Authority (HKMA) & the Hong Kong Mortgage Corporation's (HKMC) new policy, the key changes are as follows:

  • For residential properties intended for self-use:
  • Maximum loan-to-value (LTV) ratio will increase to 70% for properties valued up to HK$15 million.
  • Maximum loan-to-value (LTV) ratio will increase to 60% or for properties valued between HK$15 million and HK$30 million.
  • Maximum loan-to-value (LTV) ratio of 50% will remain unchanged for properties valued above HK$30 million.

Buyers can qualify for additional financing through The Hong Kong Mortgage Corporation’s Mortgage Insurance Programme (“MIP”), though the additional insurance may come at a premium depending on the loan amount. Given this, a buyer can further lower their down payment and increase the loan-to-value for a property under $30 million to the following levels:

Source: The Hong Kong Mortgage Corporation

Find your next dream home here, or message your consultant to explore potential properties.

Below is a selection of properties where buyers may benefit from the relaxed mortgage rules!

Curated Homes between HK$15 million and HK$30 million

Amazing City View

McDonnel Road, Mid-levels Central

1,311 SF (S) | 3 BEDS | 2 BATHS

HK$ 29.5M

Modern Comfort Living

Robinson Road, Mid-Levels West

854 SF (S) | 2 BEDS | 2 BATHS

HK$ 22M

Uninterrupted Sea Views in Low Rise

Mount Davis Road, Pokfulam

1,307 SF (S) | 2 BEDS | 2 BATHS

HK$ 28.5M | HK$ 65K incl.

Your Urban Oasis

Village Terrace, Happy Valley

1,103 SF (S) | 2 BEDS | 2 BATHS

HK$ 19.9M

Outdoor living lifestyle

Hong Chung Road, Sai Kung

2,100 SF (G) | 5 BEDS | 4 BATHS

HK$ 23.8M

Curated Homes up to HK$15 million

Prime Location Apartment

Luckifast Building, Wan Chai

715 SF (S) | 1 BED | 1 BATH

HK$ 12.65M

An Outdoor Retreat Home

Ka On Building, Western District

517 SF (S) | 0 BED | 1 BATH

HK$ 10.5M | HK$ 39K incl.

Modern Village House

Lobster Bay, Clearwater Bay

1,360 SF (G) | 2 BEDS | 3 BATHS

HK$ 11.8M


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