Before buying, the two questions everyone asks are "how much down payment" and "can I actually afford it." Below covers the current LTV ratio caps and mortgage insurance notes, plus a mortgage calculator that estimates your monthly payment instantly — all figures matched against the latest official publications.
Loan-to-Value (LTV) Ratio Caps
Property Value (HKD)
Max LTV Ratio
Min Down Payment
$10,000,000 or below
90%＊
10%
$10,000,000 – $11,250,000
80%–90%＊ (loan capped at $9,000,000)
10%–20%
$11,250,000 – $15,000,000
80%
20%
$15,000,000 – $17,150,000
70%–80% (loan capped at $12,000,000)
20%–30%
Above $17,150,000
70% (no mortgage insurance needed)
30%
＊Mortgages above 70% LTV must be arranged through the Mortgage Insurance Programme; 90% LTV mortgages are only available to first-time buyers with fixed salaried income who don't already own any residential property in Hong Kong. Source: HKMA (measures effective 16 October 2024) and the Hong Kong Mortgage Corporation; accessed 12 July 2026. Individual approvals are subject to the bank and the Mortgage Corporation.
High-LTV Mortgage Considerations
Mortgage insurance premium: Depends on the LTV ratio and repayment term (calculated as a percentage of the loan amount — higher ratio and longer term mean a higher premium), payable as a lump sum or annually, per the Mortgage Corporation's latest premium table
Payment plan: Buyers who choose a cash payment plan may get a bigger discount than those on a staged payment plan
Repayment ability: Banks run an income stress test on applicants — the actual LTV ratio and loan amount you can get depends on bank approval
Mortgage Calculator
Enter the property price, LTV ratio, mortgage rate (Prime-based or fixed), and repayment term to instantly estimate your monthly payment, loan amount, and down payment, with a visual breakdown. Results are for reference only — actual payments are subject to bank approval.
Mortgage Summary
Effective annual rate:
—
Price (HK$)—
Down Payment (HK$)
—
Loan Amount (HK$)
—
LTV Ratio—
Monthly Interest—
Monthly Payment—
Tip: adjust the price, LTV ratio, rate, and term to instantly re-estimate your payment.
HK$
Down payment (HK$): —
%
HK$
Loan amount—
Using: —
P (Prime rate)
%
Minus
%
e.g. P - 1.75%
= —
Fixed Rate
%
e.g. 3.25%
= —
Total months: —
yrs
mo
Notes / Disclaimer
This calculator assumes the buyer's primary income is from Hong Kong, has no other mortgage or guaranteed loans, and that the property purchased is for self-occupation. The results are for reference only. The Company makes no warranty or representation as to the accuracy, completeness, and/or fitness for any particular purpose of this information — for full details please refer to the latest publications/approvals from the HKMA, the Mortgage Corporation, the Inland Revenue Department, and financial institutions. Individual repayment terms are subject to the applicable agreement's terms and conditions. Data current as of the HKMA's latest mortgage measures revision date: 16 October 2024.
Second-Hand Property Buying Process
1
Viewing & Inspection
Search for suitable properties via online platforms and agents; conduct on-site inspections, assess the unit's condition, and record your viewing notes; research property value using bank valuation tools and market trend indicators.
2
Negotiation & Signing
Sign the Provisional Sale and Purchase Agreement and pay the provisional deposit (usually 3-5% of the price); begin the mortgage application process based on the provisional agreement; sign the Formal Sale and Purchase Agreement within 14 days, paying an additional deposit to reach 10% of the price.
3
Completion & Transfer
Pay stamp duty within the required 30-day period; coordinate handover of the property, including a final inspection and document preparation; complete the transfer by signing legal documents and paying the balance; take out appropriate insurance, including fire and home insurance.
New Homes Buying Guide
1
Financial Preparation
Estimate your total property acquisition cost, understand mortgage options with your bank, and set a realistic budget.
2
Research
Study the sales brochure, review the property information, and shortlist your preferred units.
3
Pre-Launch Preparation
Review pricing information and sales arrangements, visit the show flat, and register your interest.
4
Unit Selection & Signing
Take part in the unit selection process, sign the Provisional Agreement and pay the deposit (3-5%), choose a payment plan and submit your mortgage application, then sign the Formal Agreement and pay the balance plus stamp duty.
5
Completion & Handover
Complete the transaction formalities, budget for administrative and renovation costs, carry out a final inspection, and collect the keys.
New residential developments are regulated by the Residential Properties (First-hand Sales) Ordinance (Cap. 621), which sets legal requirements for sales brochures, price lists, and show flats. See our New Homes page for details.
This page's calculator assumes the buyer's primary income is from Hong Kong, has no other mortgage or guaranteed loans, and that the property purchased is for self-occupation. The results are for reference only. The Company makes no warranty or representation as to the accuracy, completeness, and/or fitness for any particular purpose of this information — for full details please refer to the latest publications/approvals from the HKMA, the Mortgage Corporation, the Inland Revenue Department, and financial institutions; individual repayment terms are subject to the applicable agreement's terms and conditions.
Henry Chan 陳鴻偉 | Estate Agent (Salesperson) Licence S-637957 Midland Realty International Limited | Licence C-000982
The information on this page is for reference only. This website and Midland Realty International Limited accept no responsibility for any inconvenience or loss arising from errors or omissions. See the full Disclaimer; see the Privacy Policy for how enquiry data is handled.