Government Housing Schemes Loan - Mortgage Services

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Government Housing Schemes Loan

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Government Home Ownership Scheme

Including government housing flats with unpaid premium in both first and second market

Up to 95% of loan amount of the purchase price for Green Form applicants
Up to 90% of loan amount of the purchase price for White Form applicants
Repayment period of up to 30 years
No fee on full redemption

Tenant Purchase Scheme

The government housing loan amount of up to 100% of the appraised property value⁽¹⁾ with repayment period of up to 30 years
No prepayment handling fee or full redemption fee

Green Form Subsidized Home Ownership Scheme

Government housing loan for purchase of public rental housing developments under construction by Green Form applicants

Up to 95% of government housing loan amount of the purchase price
Repayment period of up to 30 years
No fee on full redemption

⁽¹⁾Excluding the deposit / Intention Money paid to the Hong Kong Housing Authority.

Government Housing Home Buying Tips

Q.1 Can the government housing owner arranges Further charge or Re-mortgage for properties under Public Rental Housing or Home Ownership Scheme?
Yes. But customers must first obtain the consent letter from the Hong Kong Housing Authority for Further Charge/ Re-mortgage. Please refer to Property Refinancing details or make an appointment with our Mortgage Consultant.
Q.2 What is the “Extending the Home Ownership Scheme Secondary Market to White Form Buyers” scheme?
“Extending the Home Ownership Scheme (HOS) Secondary Market to White Form (WF) Buyers” is a government housing scheme launched by the Hong Kong Housing Authority (HA) in January 2013. Eligible WF applicants allocated with quotas may purchase a flat in the HA's HOS Secondary Market or the HS's Flat-For-Sale Scheme (FFSS) Secondary Market without the need to pay premium.
Q.3 What is “My Home Purchase Plan”?
“My Home Purchase Plan” (MHPP) is a housing plan launched collaboratively by the Government the Hong Kong Housing Society (HKHS). Under this Plan, HKHS will lease the flats to eligible applicants at prevailing market rates. After the tenancy period, tenants may purchase the flat either under this plan or in private market and will receive a subsidy equivalent to half of the net rental they have paid during the tenancy period.
Q.4 What documents are needed for the government housing mortgage application?
Government housing mortgage applicant can make an application in any of our Hang Seng Mortgage Centre, branches or make an online application with the Sale & Purchase agreement, ID card copy and income proof.
Q.5 What fees and charges will be incurred in flat purchasing process?
Applicants are required to pay the following fees and charges:
- Stamp duty
- Registration fees for registration of the deeds
- Legal costs
- The fees for certified copies of the deeds (including the government lease and the Deed of Mutual Covenant and other relevant title deeds)
- Legal costs of the solicitors acting for the bank
Q.6 What is the handling procedure in case of transfer of ownership?
- The provision of consent to change of ownership issued by Hong Kong Housing Authority is required. In case the owner would like to apply for a change in mortgage arrangement at the same time, Mortgage Consent Letter is also required to submit together with the re-mortgage application
- The owner then applies the transfer mortgage application
- The assignment deed and mortgage deed are arranged in designated solicitor firm