General info, Mortgage Table & Stamp Duty

We know that you might be unfamiliar with the Hong Kong property purchasing system, so we’re happy to help you understand it better. At Lantau HOMESolutions, we specialise in making the process smoother for you, by navigating the differences between western and local manners of negotiating. We follow-up any acts of offer or acceptance with written documentation for both the convenience and safety of an audit-trail.

If you need to travel overseas during the agreement process, we can oversee the transaction on your behalf. We can also recommend solicitors to you.

The step-by-step process

If you’re new to Hong Kong, it’s worth noting that in general, a purchase can be completed in just 2-8 weeks. Each party employs their own solicitor and pays their own costs, whereas estate agents usually act as “dual agents” representing both the buyer and the seller – both parties pay commission. Stamp duty is a Government fee, payable on purchase and paid in full by the buyer. There is no capital gains tax in Hong Kong.

Typically, purchasing follows this order:

  1. View the property.
  2. Make an offer.
  3. Provisional agreement for sales and purchase is made; initial deposit (about 5%) is paid.
  4. Sign formal agreement for sales and purchase; further deposit (about 5%) is paid.
  5. Settlement, signing and balance of payment.

For more information, visit the Estate Agents Authority website.

Stamp duty

For information on stamp duty please refer to the table below. For further information visit the Government website.

Sale and Purchase Stamp Duty

Exceeds HK$ Doesn’t exceed HK$ Stamp Duty from 28 Feb, 2007
  2,000,000 $100
2,000,000 2,351,760 $100 + (>$2m x 10%)
2,351,760 3,000,000 1.5%
3,000,000 3,290,320 $45,000 + (>$3m x 10%)
3,290,320 4,000,000 2.25%
4,000,000 4,428,570 $90,000 + (>$4m x 10%)
4,428,570 6,000,000 3%
6,000,000 6,720,000 $180,000 + (> $6m x 10%)
6,720,000   3.75%

Please note that this table is a guideline only. Lantau HOMESolutions Ltd does not take responsibility for the accuracy of this table. For further details, please check with your financial advisor.

Mortgage calculator

As a general guideline to your mortgage payments, please use the reference-only table below. Please note that interest rates fluctuate; the table is based on a straight-line mortgage repayment plan.

Calculations are based on interest rates and repayment terms for every $100,000 borrowed.

To use the table:

  1. Look across the columns for the correct repayment term.
  2. Look down the rows for the correct interest rate.
  3. Find the corresponding figure inside the table.
  4. Divide the mortgage loan amount by $100,000.
  5. Multiply the amount obtained in Step 4 by the figure used in Step 3 to obtain the monthly mortgage repayment amount.
Interest Rate (%) 5 years 10 years 15 years 20 years 25 years 30 years
2.00 175.2 920.1 781.7 643.5 505.9 423.8
2.25 1763.7> 931.4 793.1 655.1 517.8 436.1
2.50 1774.7 942.7 804.5 666.8 529.9 448.6
2.75 1785.8 954.1 816.1 678.6 542.2 461.3
3.00 1796.9 965.6 827.8 690.6 554.6 474.2
3.25 1808.0 977.2 839.6 702.7 567.2 487.3
3.50 1819.2 988.9 851.5 714.9 580.0 500.6
3.75 1830.4 1000.6 863.4 727.2 592.9 514.1
4.00 1841.7 1012.5 875.5 739.7 606.0 527.8
4.25 1853.0 1024.4 887.7 752.3 619.2 541.7
4.50 1864.3 1036.4 900.0 765.0 632.7 555.8
4.75 1875.7 1048.5 912.4 777.8 646.2 570.1
5.00 1887.1 1060.7 924.9 790.8 6660.0 584.6
5.25 1898.6 1072.9 937.5 803.9 673.8 599.2
5.50 1910.1 1085.3 950.2 817.1 687.9 614.1
5.75 1921.7 1097.7 963.0 830.4 702.1 629.1
6.00 1933.3 1110.2 975.9 843.9 716.4 644.3
6.25 1944.9 1122.8 988.8 857.4 730.9 659.7
6.50 1956.6 1135.5 1001.9 871.1 745.6 675.2
6.75 1968.3 1148.2 1015.1 884.9 760.4 690.9
7.00 1980.1 1161.1 1028.4 898.8 775.3 706.8
7.25 1991.9 1174.0 1041.8 912.9 790.4 722.8
7.50 2003.7 1187.0 1055.2 927.0 805.6 739.0
7.75 2015.7 1200.1 1068.8 941.3 820.9 755.3
8.00 2027.6 1213.3 1082.5 955.7 836.4 771.8
8.25 2039.6 1226.5 1096.2 970.1 852.1 788.5
8.50 2051.7 1239.9 1110.1 984.7 867.8 805.2
8.75 2096.7 1253.3 1124.0 999.4 883.7 822.1
9.00 2075.8 1266.8 1138.0 1014.3 899.7 839.2

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