Housing Finance Policy

    Text bolded/green below shows notes and variable definitions when you roll over. If you cannot see the notes, please download an Excel version from the Research Center, which includes notes. Also, a PDF featuring variable definitions is available in the document list under "Definition of Hofinet Variables".

     

    A. Legal and Regulatory Framework

    A.1 Legal and Regulatory Framework
    VariableEnd of 2022End of 2021End of 2020SourcesVar ID
    Basis of the legal system: Civil, Common, Islamic, Other? (Describe)Basic Law, Common Law and Customary LawBasic Law, Common Law and Customary LawBasic Law, Common Law and Customary Law
    HK Department of Justice
    		A.1.1
    Are there specific laws that deal with mortgages?   Yes
    Research
    		A.1.2
    Registration/Transfer of titles:A.1.3
     Are property rights easily transferable?  Yes
     
    		A.1.3.2
    Typical number of days needed for the transfer of titleNot availableNot availableNot available
    WDI
    		A.1.3.4
    Are there legal constraints on mortgage features?YesYesYes
    Research
    		A.1.6
    Interest rate capsYesYesYes
    Cap. 163 Money Lenders Ordinance, Part IV
    		A.1.6.1
    Loan-to-Value capYesYesYesA.1.6.2
    Is there specialized legislation covering:A.1.9
    Issuance of RMBS  NoA.1.9.2
    B. Housing Finance Subsidies
    B.1 Subsidies to Housing Finance Institutions
    VariableEnd of 2022End of 2021End of 2020SourcesVar ID
    Is the lending side of the housing finance system subsidized?  Yes
    Research
    		B.1.2
    Shared credit risk through public/private mortgage insurance   Yes
    HK Mortgage Corporation
    		B.1.2.1
    Guarantees for mortgage loans  Yes
    HK Mortgage Corporation
    		B.1.2.2
    B.2 Subsidies to Households
    VariableEnd of 2022End of 2021End of 2020SourcesVar ID
    Are there subsidies to households on housing finance?  Yes
    Research
    		B.2.1
    Interest rate subsidies by special government funds  YesB.2.1.1
    Other  YesB.2.1.6
    Reach of subsidies in 2.1.1 to 2.1.4 ?B.2.2
    C. Taxation
    VariableEnd of 2022End of 2021End of 2020SourcesVar ID
    What taxes apply to Residential Real Estate?C.1
    Tax on property (home-owners)   Yes
    HK Government
    		C.1.1
    Property transaction taxes (purchase/selling)  Yes
    HK Government
    		C.1.2
    Tax on capital gains on property   No
    Research
    		C.1.5
    Other  Yes
    Global Property Guide
    		C.1.6
    Are there tax benefits on rental properties?  Yes
     
    		C.2
    back to top | Country Data:
    Notes:
    Notes: % of dwelling units
    Notes: % of households
    Notes: % of households
    Notes: % of households
    Notes: % of households
    Notes: % of households
    Notes: % of households
    Notes: % of households
    Notes: % of households
    Notes: % of households
    Notes: % of households
    Notes: % of households
    Notes: % of households
    Notes: % of households
    Notes: % of households
    Notes: % of households
    Notes: % of households
    Notes: % of households
    Notes: % of households
    Notes: % of households
    Notes: % of households
    Notes: % of households
    Notes: % of households
    Notes: % of households
    Notes: % of households
    Notes: % of households
    Notes: % of households
    Notes: % of households
    Notes: % of households
    Notes: % of households
    Notes: % of households
    Notes: % of households
    Notes: % of households
    Notes: % of households
    Notes: % of households
    Notes: % of households
    Notes: % of households
    Notes: % of households
    Notes: % of households
    Notes: % of households
    Notes: % of households
    Notes: % of households
    Notes: % of households
    Notes: % of households
    Notes: % of households
    Notes: % of households
    Notes: % of households
    Notes: % of households
    Notes: % of households
    Notes: % of households
    Notes: % of households
    Notes: % of households
    Notes: % of households
    Notes: % of households
    Notes: % of households
    Notes: % of households
    Notes: % of mortgage loans approved (incl. those not drawn down)
    Notes: % of mortgage loans approved (incl. those not drawn down)
    Notes: % of mortgage loans approved (incl. those not drawn down)
    Notes: % of new loans approved with fixed rate
    Notes: % of new loans approved with fixed rate
    Notes: % of new loans approved with reference to Best Lending Rate (set by HSBC, a private commercial bank)
    Notes: % of new loans approved with reference to Best Lending Rate (set by HSBC, a private commercial bank)
    Notes: % of new loans approved with reference to HIBOR
    Notes: % of new loans approved with reference to HIBOR
    Notes: % of other new loans
    Notes: % of other new loans
    Notes: An automatic 20% tax deduction for "statutory repairs and outgoings"
    Notes: As the first CRA in Hong Kong, TransUnion is currently the only accredited institution in Hong Kong to issue personal credit reports.
    Notes: Bank of China Hong Kong is 100% owned by Bank of China, for which the PRC government is the majority shareholder
    Notes: Bank of China Hong Kong is 100% owned by Bank of China, for which the PRC government is the majority shareholder
    Notes: Bank of China Hong Kong is 100% owned by Bank of China, for which the PRC government is the majority shareholder
    Notes: Bank of China Hong Kong is 100% owned by Bank of China, for which the PRC government is the majority shareholder
    Notes: Bank of China Hong Kong is 100% owned by Bank of China, for which the PRC government is the majority shareholder
    Notes: Bank of China Hong Kong is 100% owned by Bank of China, for which the PRC government is the majority shareholder
    Notes: Bank of China Hong Kong is 100% owned by Bank of China, for which the PRC government is the majority shareholder
    Notes: Bank of China Hong Kong is 100% owned by Bank of China, for which the PRC government is the majority shareholder
    Notes: Bank of China Hong Kong is 100% owned by Bank of China, for which the PRC government is the majority shareholder
    Notes: Bank of China Hong Kong is 100% owned by Bank of China, for which the PRC government is the majority shareholder
    Notes: Bank of China Hong Kong is 100% owned by Bank of China, for which the PRC government is the majority shareholder
    Notes: Bank of China Hong Kong is 100% owned by Bank of China, for which the PRC government is the majority shareholder
    Notes: Bank of China Hong Kong is 100% owned by Bank of China, for which the PRC government is the majority shareholder
    Notes: Bank of China Hong Kong is 100% owned by Bank of China, for which the PRC government is the majority shareholder
    Notes: Bank of China Hong Kong is 100% owned by Bank of China, for which the PRC government is the majority shareholder
    Notes: Bank of China Hong Kong is 100% owned by Bank of China, for which the PRC government is the majority shareholder
    Notes: Bank of China Hong Kong is 100% owned by Bank of China, for which the PRC government is the majority shareholder
    Notes: Bank of China Hong Kong is 100% owned by Bank of China, for which the PRC government is the majority shareholder
    Notes: Bank of China Hong Kong is 100% owned by Bank of China, for which the PRC government is the majority shareholder
    Notes: Bank of China Hong Kong is 100% owned by Bank of China, for which the PRC government is the majority shareholder
    Notes: Bank of China Hong Kong is 100% owned by Bank of China, for which the PRC government is the majority shareholder
    Notes: Calculated the sum of number of new loans drawn down of each given year
    Notes: Calculated the sum of value of new loans drawn down of each given year
    Notes: DTSI max of 50% for MIP loans, but first-time homebuyers do not have to meet it, provided they pay a premium
    Notes: Estimate
    Notes: Estimate
    Notes: Estimate
    Notes: Estimate
    Notes: HKMA has issued macroprudential guidelines setting LTV max at 70% but the legal limit is 90%
    Notes: HKMA has issued macroprudential guidelines setting LTV max at 70% but the legal limit is 90%
    Notes: HKMA has issued macroprudential guidelines setting LTV max at 70% but the legal limit is 90%
    Notes: HKMA has issued macroprudential guidelines setting LTV max at 70% but the legal limit is 90%
    Notes: HKMA has issused macroprudential guidelines setting LTV max at 70% but the legal limit is 90%
    Notes: HKMA has issused macroprudential guidelines setting LTV max at 70% but the legal limit is 90%
    Notes: HKMA has issused macroprudential guidelines setting LTV max at 70% but the legal limit is 90%
    Notes: HKMA has issused macroprudential guidelines setting LTV max at 70% but the legal limit is 90%
    Notes: HKMA has issused macroprudential guidelines setting LTV max at 70% but the legal limit is 90%
    Notes: HKMA has issused macroprudential guidelines setting LTV max at 70% but the legal limit is 90%
    Notes: HKMA has issused macroprudential guidelines setting LTV max at 70% but the legal limit is 90%
    Notes: HKMA has issused macroprudential guidelines setting LTV max at 70% but the legal limit is 90%
    Notes: HKMA has issused macroprudential guidelines setting LTV max at 70% but the legal limit is 90%
    Notes: HKMA has issused macroprudential guidelines setting LTV max at 70% but the legal limit is 90%
    Notes: HKMA has issused macroprudential guidelines setting LTV max at 70% but the legal limit is 90%
    Notes: HKMA has issused macroprudential guidelines setting LTV max at 70% but the legal limit is 90%
    Notes: HKMA has issused macroprudential guidelines setting LTV max at 70% but the legal limit is 90%
    Notes: HKMA has issused macroprudential guidelines setting LTV max at 70% but the legal limit is 90%
    Notes: HKMA has issused macroprudential guidelines setting LTV max at 70% but the legal limit is 90%
    Notes: HKMA has issused macroprudential guidelines setting LTV max at 70% but the legal limit is 90%
    Notes: HKMA has issused macroprudential guidelines setting LTV max at 70% but the legal limit is 90%
    Notes: HKMA has issused macroprudential guidelines setting LTV max at 70% but the legal limit is 90%
    Notes: HKMA has issused macroprudential guidelines setting LTV max at 70% but the legal limit is 90%
    Notes: HKMA has issused macroprudential guidelines setting LTV max at 70% but the legal limit is 90%
    Notes: HKMA has issused macroprudential guidelines setting LTV max at 70% but the legal limit is 90%
    Notes: HKMA has issused macroprudential guidelines setting LTV max at 70% but the legal limit is 90%
    Notes: HKMA has issused macroprudential guidelines setting LTV max at 70% but the legal limit is 90%
    Notes: HKMA has issused macroprudential guidelines setting LTV max at 70% but the legal limit is 90%
    Notes: HKMA has issused macroprudential guidelines setting LTV max at 70% but the legal limit is 90%
    Notes: HKMA has issused macroprudential guidelines setting LTV max at 70% but the legal limit is 90%
    Notes: HKMA has issused macroprudential guidelines setting LTV max at 70% but the legal limit is 90%
    Notes: HKMA has issused macroprudential guidelines setting LTV max at 70% but the legal limit is 90%
    Notes: HKMC guarantees the portion of mortgages over 60% LTV (generally) through MIP
    Notes: HKMC guarantees the portion of mortgages over 60% LTV (generally) through MIP
    Notes: HKMC guarantees the portion of mortgages over 60% LTV (generally) through MIP
    Notes: HKMC guarantees the portion of mortgages over 60% LTV (generally) through MIP
    Notes: HKMC guarantees the portion of mortgages over 60% LTV (generally) through MIP
    Notes: HKMC guarantees the portion of mortgages over 60% LTV (generally) through MIP
    Notes: HKMC guarantees the portion of mortgages over 60% LTV (generally) through MIP
    Notes: HKMC guarantees the portion of mortgages over 60% LTV (generally) through MIP
    Notes: HKMC guarantees the portion of mortgages over 60% LTV (generally) through MIP
    Notes: HKMC guarantees the portion of mortgages over 60% LTV (generally) through MIP
    Notes: HKMC guarantees the portion of mortgages over 60% LTV (generally) through MIP
    Notes: HKMC guarantees the portion of mortgages over 60% LTV (generally) through MIP
    Notes: HKMC guarantees the portion of mortgages over 60% LTV (generally) through MIP
    Notes: HKMC guarantees the portion of mortgages over 60% LTV (generally) through MIP
    Notes: HKMC guarantees the portion of mortgages over 60% LTV (generally) through MIP
    Notes: HKMC guarantees the portion of mortgages over 60% LTV (generally) through MIP
    Notes: HKMC guarantees the portion of mortgages over 60% LTV (generally) through MIP
    Notes: HKMC guarantees the portion of mortgages over 60% LTV (generally) through MIP
    Notes: HKMC guarantees the portion of mortgages over 60% LTV (generally) through MIP
    Notes: HKMC guarantees the portion of mortgages over 60% LTV (generally) through MIP
    Notes: HKMC is owned by the HK government and offers mortgage insurance
    Notes: HKMC is owned by the HK government and offers mortgage insurance
    Notes: HKMC is owned by the HK government and offers mortgage insurance
    Notes: HKMC is owned by the HK government and offers mortgage insurance
    Notes: HKMC is owned by the HK government and offers mortgage insurance
    Notes: HKMC is owned by the HK government and offers mortgage insurance
    Notes: HKMC is owned by the HK government and offers mortgage insurance
    Notes: HKMC is owned by the HK government and offers mortgage insurance
    Notes: HKMC is owned by the HK government and offers mortgage insurance
    Notes: HKMC is owned by the HK government and offers mortgage insurance
    Notes: HKMC is owned by the HK government and offers mortgage insurance
    Notes: HKMC is owned by the HK government and offers mortgage insurance
    Notes: HKMC is owned by the HK government and offers mortgage insurance
    Notes: HKMC is owned by the HK government and offers mortgage insurance
    Notes: HKMC is owned by the HK government and offers mortgage insurance
    Notes: HKMC is owned by the HK government and offers mortgage insurance
    Notes: HKMC is owned by the HK government and offers mortgage insurance
    Notes: HKMC is owned by the HK government and offers mortgage insurance
    Notes: HKMC is owned by the HK government and offers mortgage insurance
    Notes: HKMC is owned by the HK government and offers mortgage insurance
    Notes: HKMC is wholly owned by the Hong Kong Government
    Notes: HKMC is wholly owned by the Hong Kong Government
    Notes: HKMC is wholly owned by the Hong Kong Government
    Notes: HKMC is wholly owned by the Hong Kong Government
    Notes: HKMC is wholly owned by the Hong Kong Government
    Notes: HKMC is wholly owned by the Hong Kong Government
    Notes: HKMC is wholly owned by the Hong Kong Government
    Notes: HKMC is wholly owned by the Hong Kong Government
    Notes: HKMC is wholly owned by the Hong Kong Government
    Notes: HKMC is wholly owned by the Hong Kong Government
    Notes: HKMC is wholly owned by the Hong Kong Government
    Notes: HKMC is wholly owned by the Hong Kong Government
    Notes: HKMC is wholly owned by the Hong Kong Government
    Notes: HKMC is wholly owned by the Hong Kong Government
    Notes: HKMC is wholly owned by the Hong Kong Government
    Notes: HKMC is wholly owned by the Hong Kong Government
    Notes: HKMC is wholly owned by the Hong Kong Government
    Notes: HKMC is wholly owned by the Hong Kong Government
    Notes: HKMC is wholly owned by the Hong Kong Government
    Notes: HKMC is wholly owned by the Hong Kong Government
    Notes: HKMC is wholly owned by the Hong Kong Government
    Notes: HKMC is wholly owned by the Hong Kong Government
    Notes: HKMC is wholly owned by the Hong Kong Government
    Notes: HKMC is wholly owned by the Hong Kong Government
    Notes: Home Ownership Scheme from the HK Housing Authority subsidizes house purchase price at 30-40%. Sandwich Class Housing Scheme from the HK Housing Society covers all construction costs and half of land price and sells flats at below-market prices to middle-income households (HK$30,001-60,000/~USD4,000-7,500 per month).
    Notes: Home Ownership Scheme from the HK Housing Authority subsidizes house purchase price at 30-40%. Sandwich Class Housing Scheme from the HK Housing Society covers all construction costs and half of land price and sells flats at below-market prices to middle-income households (HK$30,001-60,000/~USD4,000-7,500 per month).
    Notes: Home Ownership Scheme from the HK Housing Authority subsidizes house purchase price at 30-40%. Sandwich Class Housing Scheme from the HK Housing Society covers all construction costs and half of land price and sells flats at below-market prices to middle-income households (HK$30,001-60,000/~USD4,000-7,500 per month).
    Notes: Home Ownership Scheme from the HK Housing Authority subsidizes house purchase price at 30-40%. Sandwich Class Housing Scheme from the HK Housing Society covers all construction costs and half of land price and sells flats at below-market prices to middle-income households (HK$30,001-60,000/~USD4,000-7,500 per month).
    Notes: Home Ownership Scheme from the HK Housing Authority subsidizes house purchase price at 30-40%. Sandwich Class Housing Scheme from the HK Housing Society covers all construction costs and half of land price and sells flats at below-market prices to middle-income households (HK$30,001-60,000/~USD4,000-7,500 per month).
    Notes: Home Ownership Scheme from the HK Housing Authority subsidizes house purchase price at 30-40%. Sandwich Class Housing Scheme from the HK Housing Society covers all construction costs and half of land price and sells flats at below-market prices to middle-income households (HK$30,001-60,000/~USD4,000-7,500 per month).
    Notes: Home Ownership Scheme from the HK Housing Authority subsidizes house purchase price at 30-40%. Sandwich Class Housing Scheme from the HK Housing Society covers all construction costs and half of land price and sells flats at below-market prices to middle-income households (HK$30,001-60,000/~USD4,000-7,500 per month).
    Notes: Home Purchase Loan Scheme by HK Housing Authority offered interest-free loans to public rental housing tenants with income under HK$30,000 (~USD400) per month
    Notes: Home Purchase Loan Scheme by HK Housing Authority offered interest-free loans to public rental housing tenants with income under HK$30,000 (~USD400) per month
    Notes: Home Purchase Loan Scheme by HK Housing Authority offered interest-free loans to public rental housing tenants with income under HK$30,000 (~USD400) per month
    Notes: Home Purchase Loan Scheme by HK Housing Authority offered interest-free loans to public rental housing tenants with income under HK$30,000 (~USD400) per month
    Notes: Home Purchase Loan Scheme by HK Housing Authority offered interest-free loans to public rental housing tenants with income under HK$30,000 (~USD400) per month
    Notes: Home Purchase Loan Scheme by HK Housing Authority offered interest-free loans to public rental housing tenants with income under HK$30,000 (~USD400) per month
    Notes: Home Purchase Loan Scheme by HK Housing Authority offered interest-free loans to public rental housing tenants with income under HK$30,000 (~USD400) per month
    Notes: Home Purchase Loan Scheme by HK Housing Authority offered interest-free loans to public rental housing tenants with income under HK$30,000 (~USD400) per month
    Notes: Home Starter Loan Scheme by HK Housing Society subsidized interest for families with income HK$70,000 (~USD9,000) to 2-3.5%. Home Purchase Loan Scheme offered interest-free loans to public rental housing tenants with income under HK$30,000 (~USD400) per month
    Notes: Home Starter Loan Scheme by HK Housing Society subsidized interest for families with income HK$70,000 (~USD9,000) to 2-3.5%. Home Purchase Loan Scheme offered interest-free loans to public rental housing tenants with income under HK$30,000 (~USD400) per month
    Notes: Home Starter Loan Scheme by HK Housing Society subsidized interest for families with income HK$70,000 (~USD9,000) to 2-3.5%. Home Purchase Loan Scheme offered interest-free loans to public rental housing tenants with income under HK$30,000 (~USD400) per month
    Notes: Home Starter Loan Scheme by HK Housing Society subsidized interest for families with income HK$70,000 (~USD9,000) to 2-3.5%. Home Purchase Loan Scheme offered interest-free loans to public rental housing tenants with income under HK$30,000 (~USD400) per month
    Notes: Home Starter Loan Scheme by HK Housing Society subsidized interest for families with income HK$70,000 (~USD9,000) to 2-3.5%. Home Purchase Loan Scheme offered interest-free loans to public rental housing tenants with income under HK$30,000 (~USD400) per month
    Notes: Hong Kong is 100% urban
    Notes: Hong Kong is 100% urban
    Notes: Hong Kong is 100% urban
    Notes: Hong Kong is 100% urban
    Notes: Hong Kong is 100% urban
    Notes: Hong Kong is 100% urban
    Notes: Hong Kong is 100% urban
    Notes: Hong Kong is 100% urban
    Notes: Hong Kong is 100% urban
    Notes: Hong Kong Monetary Authority sets macroprudential measures
    Notes: Hong Kong Monetary Authority sets macroprudential measures
    Notes: Hong Kong Monetary Authority sets macroprudential measures
    Notes: Hong Kong Monetary Authority sets macroprudential measures
    Notes: Hong Kong Monetary Authority sets macroprudential measures
    Notes: Hong Kong Monetary Authority sets macroprudential measures
    Notes: Hong Kong Monetary Authority sets macroprudential measures
    Notes: Hong Kong Monetary Authority sets macroprudential measures
    Notes: Hong Kong Monetary Authority sets macroprudential measures
    Notes: Hong Kong Monetary Authority sets macroprudential measures
    Notes: Hong Kong Monetary Authority sets macroprudential measures
    Notes: Hong Kong Monetary Authority sets macroprudential measures
    Notes: Hong Kong Monetary Authority sets macroprudential measures
    Notes: Hong Kong Monetary Authority sets macroprudential measures
    Notes: Hong Kong Monetary Authority sets macroprudential measures
    Notes: Hong Kong Monetary Authority sets macroprudential measures
    Notes: Hong Kong Monetary Authority sets macroprudential measures
    Notes: Hong Kong Monetary Authority sets macroprudential measures
    Notes: Hong Kong Monetary Authority sets macroprudential measures
    Notes: Hong Kong Monetary Authority sets macroprudential measures
    Notes: Hong Kong Monetary Authority sets macroprudential measures
    Notes: Hong Kong Monetary Authority sets macroprudential measures
    Notes: Hong Kong Monetary Authority sets macroprudential measures
    Notes: Hong Kong Monetary Authority sets macroprudential measures
    Notes: Hong Kong Monetary Authority sets macroprudential measures
    Notes: Hong Kong Monetary Authority sets macroprudential measures
    Notes: Hong Kong Monetary Authority sets macroprudential measures
    Notes: Hong Kong Monetary Authority sets macroprudential measures
    Notes: Hong Kong Monetary Authority sets macroprudential measures
    Notes: Hong Kong Monetary Authority sets macroprudential measures
    Notes: Hong Kong Monetary Authority sets macroprudential measures
    Notes: Hong Kong Monetary Authority sets macroprudential measures
    Notes: Hong Kong Mortgage Corporation has a monopoly on mortgage insurance
    Notes: In 1999, the Hong Kong Mortgage Corporation (HKMC) launched an MIP aimed at promoting wider home ownership. Under the MIP, mortgage loans of up to an LTV ratio of 90% were made available to homebuyers meeting certain eligibility criteria.
    Notes: Includes main tenants, sub-tenants and rent free domestic households.
    Notes: Includes main tenants, sub-tenants and rent free domestic households.
    Notes: Includes main tenants, sub-tenants and rent free domestic households.
    Notes: Includes main tenants, sub-tenants and rent free domestic households.
    Notes: LTV is dependent on the value of property. Range from 70% to 90% up until July 2023
    Notes: LTV is dependent on the value of property. Range from 70% to 90% up until July 2023
    Notes: LTV is dependent on the value of property. Range from 70% to 90% up until July 2023
    Notes: LTV is dependent on the value of property. Range from 70% to 90% up until July 2023
    Notes: MAW was $4,630, applicable to contracts signed between 28 September 2019 to 30 September 2022.
    Notes: Max interest rate on all loans is 60%
    Notes: Max interest rate on all loans is 60%
    Notes: Max interest rate on all loans is 60%
    Notes: Max interest rate on all loans is 60%
    Notes: Max interest rate on all loans is 60%
    Notes: Max LTV limit is 90%
    Notes: Max LTV under MIP loan. Macroprudential measures set max LTV at 70%
    Notes: Max LTV under MIP loan. Macroprudential measures set max LTV at 70%
    Notes: Max LTV under MIP loan. Macroprudential measures set max LTV at 70%
    Notes: Max LTV under MIP loan. Macroprudential measures set max LTV at 70%
    Notes: Max LTV under MIP loan. Macroprudential measures set max LTV at 70%
    Notes: Max LTV under MIP loan. Macroprudential measures set max LTV at 70%
    Notes: Max LTV under MIP loan. Macroprudential measures set max LTV at 70%
    Notes: Max LTV under MIP loan. Macroprudential measures set max LTV at 70%
    Notes: Max LTV under MIP loan. Macroprudential measures set max LTV at 70%
    Notes: Max LTV under MIP loan. Macroprudential measures set max LTV at 70%
    Notes: Max LTV under MIP loan. Macroprudential measures set max LTV at 70%
    Notes: Max LTV under MIP loan. Macroprudential measures set max LTV at 70%
    Notes: Max LTV under MIP loan. Macroprudential measures set max LTV at 70%
    Notes: Max LTV under MIP loan. Macroprudential measures set max LTV at 70%
    Notes: Max LTV under MIP loan. Macroprudential measures set max LTV at 70%
    Notes: Max LTV under MIP loan. Macroprudential measures set max LTV at 70%
    Notes: Max LTV under MIP loan. Macroprudential measures set max LTV at 70%
    Notes: Max LTV under MIP loan. Macroprudential measures set max LTV at 70%
    Notes: Max LTV under MIP loan. Macroprudential measures set max LTV at 70%
    Notes: Max term for MIP loans
    Notes: MIP is the only mortgage insurance product available. It generally applies for the portion of residential mortgages in excess of 60% LTV.
    Notes: MIP is the only mortgage insurance product available. It generally applies for the portion of residential mortgages in excess of 60% LTV.
    Notes: MIP is the only mortgage insurance product available. It generally applies for the portion of residential mortgages in excess of 60% LTV.
    Notes: MIP is the only mortgage insurance product available. It generally applies for the portion of residential mortgages in excess of 60% LTV.
    Notes: MIP is the only mortgage insurance product available. It generally applies for the portion of residential mortgages in excess of 60% LTV.
    Notes: MIP is the only mortgage insurance product available. It generally applies for the portion of residential mortgages in excess of 60% LTV.
    Notes: MIP is the only mortgage insurance product available. It generally applies for the portion of residential mortgages in excess of 60% LTV.
    Notes: MIP is the only mortgage insurance product available. It generally applies for the portion of residential mortgages in excess of 60% LTV.
    Notes: MIP is the only mortgage insurance product available. It generally applies for the portion of residential mortgages in excess of 60% LTV.
    Notes: MIP is the only mortgage insurance product available. It generally applies for the portion of residential mortgages in excess of 60% LTV.
    Notes: MIP is the only mortgage insurance product available. It generally applies for the portion of residential mortgages in excess of 60% LTV.
    Notes: MIP is the only mortgage insurance product available. It generally applies for the portion of residential mortgages in excess of 60% LTV.
    Notes: MIP is the only mortgage insurance product available. It generally applies for the portion of residential mortgages in excess of 60% LTV.
    Notes: MIP is the only mortgage insurance product available. It generally applies for the portion of residential mortgages in excess of 60% LTV.
    Notes: MIP is the only mortgage insurance product available. It generally applies for the portion of residential mortgages in excess of 60% LTV.
    Notes: MIP is the only mortgage insurance product available. It generally applies for the portion of residential mortgages in excess of 60% LTV. 20 banks participate in the program, as of 2023
    Notes: MIP is the only mortgage insurance product available. It generally applies for the portion of residential mortgages in excess of 60% LTV. 20 banks participate in the program, as of 2023
    Notes: MIP is the only mortgage insurance product available. It generally applies for the portion of residential mortgages in excess of 60% LTV. 20 banks participate in the program, as of 2023
    Notes: MIP is the only mortgage insurance product available. It generally applies for the portion of residential mortgages in excess of 60% LTV. 20 banks participate in the program, as of 2023
    Notes: MIP is the only mortgage insurance product available. It generally applies for the portion of residential mortgages in excess of 60% LTV. 22 banks participate in the program.
    Notes: MIP is the only mortgage insurance product available. It generally applies for the portion of residential mortgages in excess of 60% LTV. 22 banks participate in the program.
    Notes: MIP is the only mortgage insurance product available. It generally applies for the portion of residential mortgages in excess of 60% LTV. 23 banks participate in the program.
    Notes: MIP is the only mortgage insurance product available. It generally applies for the portion of residential mortgages in excess of 60% LTV. 23 banks participate in the program.
    Notes: MIP is the only mortgage insurance product available. It generally applies for the portion of residential mortgages in excess of 60% LTV. 23 banks participate in the program.
    Notes: National figure but Hong Kong is 100% urban
    Notes: National figure but Hong Kong is 100% urban
    Notes: National figure but Hong Kong is 100% urban
    Notes: National figure but Hong Kong is 100% urban
    Notes: National figure but Hong Kong is 100% urban
    Notes: National figure but Hong Kong is 100% urban
    Notes: National figure but Hong Kong is 100% urban
    Notes: National figure but Hong Kong is 100% urban
    Notes: National figure but Hong Kong is 100% urban
    Notes: National figure but Hong Kong is 100% urban
    Notes: National figure but Hong Kong is 100% urban
    Notes: National figure but Hong Kong is 100% urban
    Notes: National figure but Hong Kong is 100% urban
    Notes: National figure but Hong Kong is 100% urban
    Notes: National figure but Hong Kong is 100% urban
    Notes: National figure but Hong Kong is 100% urban
    Notes: National figure but Hong Kong is 100% urban
    Notes: Owner-occupier - With mortgage or loan: Domestic Households (Excluding those Living on Board Vessels)
    Notes: Owner-occupiers as a proportion of total number of domestic households
    Notes: Prior to the adoption of the LTV policy in 1991, the Third Schedule of the Banking Ordinance allowed a max LTV of 90%. After 1991, a 70% LTV maximum was accepted by banks as a macroprudential measure but still technically allowed.
    Notes: Property lease stamp duty ranges from 0.25 to 1% on annual rental value. Property tax of 15% on income-producing properties.
    Notes: Property tax rate is 5% of estimated annual rental value of property
    Notes: Property tax rate is 5% of estimated annual rental value of property
    Notes: Property tax rate is 5% of estimated annual rental value of property
    Notes: Property tax rate is 5% of estimated annual rental value of property
    Notes: Property tax rate is 5% of estimated annual rental value of property
    Notes: Property tax rate is 5% of estimated annual rental value of property
    Notes: Property tax rate is 5% of estimated annual rental value of property
    Notes: Property tax rate is 5% of estimated annual rental value of property
    Notes: Property tax rate is 5% of estimated annual rental value of property
    Notes: Property tax rate is 5% of estimated annual rental value of property
    Notes: Property tax rate is 5% of estimated annual rental value of property
    Notes: Property tax rate is 5% of estimated annual rental value of property
    Notes: Property tax rate is 5% of estimated annual rental value of property
    Notes: Property tax rate is 5% of estimated annual rental value of property
    Notes: Property tax rate is 5% of estimated annual rental value of property
    Notes: Property tax rate is 5% of estimated annual rental value of property
    Notes: Property tax rate is 5% of estimated annual rental value of property
    Notes: Property tax rate is 5% of estimated annual rental value of property
    Notes: Property tax rate is 5% of estimated annual rental value of property
    Notes: Property tax rate is set by local government
    Notes: Property tax rate is set by local government
    Notes: Property tax rate is set by local government
    Notes: Rental income tax is levied at a flat rate of 15%
    Notes: residential flats
    Notes: residential flats
    Notes: Residential flats
    Notes: Residential flats
    Notes: Residential flats
    Notes: Residential flats
    Notes: Residential flats
    Notes: Residential flats
    Notes: Residential flats
    Notes: Residential flats
    Notes: Sandwich Class Housing Scheme by HK Housing Society covers all construction costs and half of land price and sells flats at below-market prices to middle-income households (HK$30,001-60,000/~USD4,000-7,500 per month)
    Notes: Sandwich Class Housing Scheme by HK Housing Society covers all construction costs and half of land price and sells flats at below-market prices to middle-income households (HK$30,001-60,000/~USD4,000-7,500 per month)
    Notes: Sandwich Class Housing Scheme by HK Housing Society covers all construction costs and half of land price and sells flats at below-market prices to middle-income households (HK$30,001-60,000/~USD4,000-7,500 per month)
    Notes: Sandwich Class Housing Scheme by HK Housing Society covers all construction costs and half of land price and sells flats at below-market prices to middle-income households (HK$30,001-60,000/~USD4,000-7,500 per month)
    Notes: Sandwich Class Housing Scheme by HK Housing Society covers all construction costs and half of land price and sells flats at below-market prices to middle-income households (HK$30,001-60,000/~USD4,000-7,500 per month)
    Notes: Sandwich Class Housing Scheme by HK Housing Society covers all construction costs and half of land price and sells flats at below-market prices to middle-income households (HK$30,001-60,000/~USD4,000-7,500 per month)
    Notes: Sandwich Class Housing Scheme by HK Housing Society covers all construction costs and half of land price and sells flats at below-market prices to middle-income households (HK$30,001-60,000/~USD4,000-7,500 per month)
    Notes: Sandwich Class Housing Scheme by HK Housing Society covers all construction costs and half of land price and sells flats at below-market prices to middle-income households (HK$30,001-60,000/~USD4,000-7,500 per month)
    Notes: Sandwich Class Housing Scheme by HK Housing Society covers all construction costs and half of land price and sells flats at below-market prices to middle-income households (HK$30,001-60,000/~USD4,000-7,500 per month)
    Notes: Sandwich Class Housing Scheme by HK Housing Society covers all construction costs and half of land price and sells flats at below-market prices to middle-income households (HK$30,001-60,000/~USD4,000-7,500 per month)
    Notes: Stamp duty ranges from 1.5 to 8.5%. Special stamp duty for residential property resold within 24-36 months ranges from 10-20%
    Notes: Stamp duty ranges from 1.5 to 8.5%. Special stamp duty for residential property resold within 24-36 months ranges from 10-20%
    Notes: Stamp duty ranges from 1.5 to 8.5%. Special stamp duty for residential property resold within 24-36 months ranges from 10-20%
    Notes: Sum of refinanced loan / sum of new loan approved
    Notes: Tenants Purchase Scheme by HK Housing Authority sold discounted houses at 55-70% of market value. Sandwich Class Housing Scheme by HK Housing Society covers all construction costs and half of land price and sells flats at below-market prices to middle-income households (HK$30,001-60,000/~USD4,000-7,500 per month)
    Notes: Tenants Purchase Scheme by HK Housing Authority sold discounted houses at 55-70% of market value. Sandwich Class Housing Scheme by HK Housing Society covers all construction costs and half of land price and sells flats at below-market prices to middle-income households (HK$30,001-60,000/~USD4,000-7,500 per month)
    Notes: Tenants Purchase Scheme by HK Housing Authority sold discounted houses at 55-70% of market value. Sandwich Class Housing Scheme by HK Housing Society covers all construction costs and half of land price and sells flats at below-market prices to middle-income households (HK$30,001-60,000/~USD4,000-7,500 per month)
    Notes: Tenants Purchase Scheme by HK Housing Authority sold discounted houses at 55-70% of market value. Sandwich Class Housing Scheme by HK Housing Society covers all construction costs and half of land price and sells flats at below-market prices to middle-income households (HK$30,001-60,000/~USD4,000-7,500 per month)
    Notes: Tenants Purchase Scheme by HK Housing Authority sold discounted houses at 55-70% of market value. Sandwich Class Housing Scheme by HK Housing Society covers all construction costs and half of land price and sells flats at below-market prices to middle-income households (HK$30,001-60,000/~USD4,000-7,500 per month)
    Notes: Tenants Purchase Scheme by HK Housing Authority sold discounted houses at 55-70% of market value. Sandwich Class Housing Scheme by HK Housing Society covers all construction costs and half of land price and sells flats at below-market prices to middle-income households (HK$30,001-60,000/~USD4,000-7,500 per month)
    Notes: Tenants Purchase Scheme by HK Housing Authority sold discounted houses at 55-70% of market value. Sandwich Class Housing Scheme by HK Housing Society covers all construction costs and half of land price and sells flats at below-market prices to middle-income households (HK$30,001-60,000/~USD4,000-7,500 per month)
    Notes: Tenants Purchase Scheme by HK Housing Authority sold discounted houses at 55-70% of market value. Sandwich Class Housing Scheme by HK Housing Society covers all construction costs and half of land price and sells flats at below-market prices to middle-income households (HK$30,001-60,000/~USD4,000-7,500 per month)
    Notes: Tenants Purchase Scheme by HK Housing Authority sold discounted houses at 55-70% of market value. Sandwich Class Housing Scheme by HK Housing Society covers all construction costs and half of land price and sells flats at below-market prices to middle-income households (HK$30,001-60,000/~USD4,000-7,500 per month)
    Notes: The Ad Valorem Stamp Duty is levied at a rate that ranges from 1.5-8.5% depending on the cost of the property
    Notes: The Ad Valorem Stamp Duty is levied at a rate that ranges from 1.5-8.5% depending on the cost of the property
    Notes: The Ad Valorem Stamp Duty is levied at a rate that ranges from 1.5-8.5% depending on the cost of the property
    Notes: The Code of Practice on Consumer Credit Data regulates the scope of data provided to Credit Rating Agencies and the methods of access to consumer credit data by creditors
    Notes: The Code of Practice on Consumer Credit Data regulates the scope of data provided to Credit Rating Agencies and the methods of access to consumer credit data by creditors
    Notes: The Code of Practice on Consumer Credit Data regulates the scope of data provided to Credit Rating Agencies and the methods of access to consumer credit data by creditors
    Notes: The Code of Practice on Consumer Credit Data regulates the scope of data provided to Credit Rating Agencies and the methods of access to consumer credit data by creditors
    Notes: The Code of Practice on Consumer Credit Data regulates the scope of data provided to Credit Rating Agencies and the methods of access to consumer credit data by creditors
    Notes: The Code of Practice on Consumer Credit Data regulates the scope of data provided to Credit Rating Agencies and the methods of access to consumer credit data by creditors
    Notes: The Code of Practice on Consumer Credit Data regulates the scope of data provided to Credit Rating Agencies and the methods of access to consumer credit data by creditors
    Notes: The Code of Practice on Consumer Credit Data regulates the scope of data provided to Credit Rating Agencies and the methods of access to consumer credit data by creditors
    Notes: The Code of Practice on Consumer Credit Data regulates the scope of data provided to Credit Rating Agencies and the methods of access to consumer credit data by creditors
    Notes: The Code of Practice on Consumer Credit Data regulates the scope of data provided to Credit Rating Agencies and the methods of access to consumer credit data by creditors
    Notes: The Code of Practice on Consumer Credit Data regulates the scope of data provided to Credit Rating Agencies and the methods of access to consumer credit data by creditors
    Notes: The Code of Practice on Consumer Credit Data regulates the scope of data provided to Credit Rating Agencies and the methods of access to consumer credit data by creditors
    Notes: The Code of Practice on Consumer Credit Data regulates the scope of data provided to Credit Rating Agencies and the methods of access to consumer credit data by creditors
    Notes: The Code of Practice on Consumer Credit Data regulates the scope of data provided to Credit Rating Agencies and the methods of access to consumer credit data by creditors
    Notes: The Code of Practice on Consumer Credit Data regulates the scope of data provided to Credit Rating Agencies and the methods of access to consumer credit data by creditors
    Notes: The Code of Practice on Consumer Credit Data regulates the scope of data provided to Credit Rating Agencies and the methods of access to consumer credit data by creditors
    Notes: The Code of Practice on Consumer Credit Data regulates the scope of data provided to Credit Rating Agencies and the methods of access to consumer credit data by creditors
    Notes: The Code of Practice on Consumer Credit Data regulates the scope of data provided to Credit Rating Agencies and the methods of access to consumer credit data by creditors
    Notes: The Code of Practice on Consumer Credit Data regulates the scope of data provided to Credit Rating Agencies and the methods of access to consumer credit data by creditors
    Notes: The Code of Practice on Consumer Credit Data regulates the scope of data provided to Credit Rating Agencies and the methods of access to consumer credit data by creditors
    Notes: The Code of Practice on Consumer Credit Data regulates the scope of data provided to Credit Rating Agencies and the methods of access to consumer credit data by creditors
    Notes: The minimum standards that AIs should observe in relation to the sharing and use of consumer credit data through credit reference
    Notes: The Mortgage Insurance Programme ("MIP") was launched by The Hong Kong Mortgage Corporation Limited ("HKMC") in March 1999 for promoting home ownership in Hong Kong. The MIP business has been transferred to and carried out by HKMC Insurance Limited ("HKMCI"), a wholly-owned subsidiary of the HKMC, with effect from 1 May 2018.