Residential property
Value of properties / Types of properties |
Maximum LTV Ratio | |
Applicants’ income mainly derived in HK | Applicants’ income mainly derived from outside HK | |
First property | ||
<$7 million | 60% | 50% |
>=$7 million but <$10 million | 60% (max loan cap of $5 million) |
50% (max loan cap of $4 million) |
>=$10 million | 50% | 40% |
Second property | ||
<$7 million | 60% | 40% |
>=$7 million but <$10 million | 60% (max loan cap of $5 million) |
40% (max loan cap of $2 million) |
>=$10 million | 50% | 30% |
Non-owner occupied residential properties and residential properties held by companies | 50% | 40% |
Property | Maximum LTV Ratio |
First property | 40% |
Second property | 30% |
Property value | Maximum LTV Ratio |
<=$4 million | 80% or 90%* |
>$4 million but <$4.5 million | 80% to 90% (max loan cap of $3.6 million) |
>=$4.5 million but <=$6 million | 80% (max loan cap of $4.8 million) |
Category | Rate |
Residential property | 15% of purchase price |
A new flat rate of 15 per cent for the ad valorem stamp duty (AVD) chargeable on transactions for residential property. Except for specified exemptions, the new rate applies to all acquisitions of residential property by individuals or companies. The major exemption is where the buyer is a Hong Kong Permanent Resident acting on his/her own behalf and is not a beneficial owner of any other residential property in Hong Kong at the time of acquisition of a residential property. Under such circumstances, the new AVD rate will not apply and the relevant transaction is only subject to the lower AVD rates at Scale 2.
Property Price (HK$) | Rate (HK$) | |
Exceeds | Does not exceed | |
- | $2,000,000 | $100 |
$2,000,000 | $2,351,760 | $100 + 10% of excess over $2,000,000 |
$2,351,760 | $3,000,000 | 1.50% |
$3,000,000 | $3,290,320 | $45,000 + 10% of excess over $3,000,000 |
$3,290,320 | $4,000,000 | 2.25% |
$4,000,000 | $4,428,570 | $90,000 + 10% of excess over $4,000,000 |
$4,428,570 | $6,000,000 | 3.00% |
$6,000,000 | $6,720,000 | $180,000 + 10% of excess over $6,000,000 |
$6,720,000 | $20,000,000 | 3.75% |
$20,000,000 | $21,739,120 | $750,000 + 10% of excess over $20,000,000 |
$21,739,120 | - | 4.25% |
1) The AVD rates will apply to Hong Kong Permanent Resident buyers who are not beneficial owners of any other residential property in Hong Kong at the time of acquisition of a residential property. This also applies to change of residence cases.
2) For more details, please refer to Inland Revenue Department website.
Holding period | Rate |
<=6 months | 20% |
>6 months but <=12 months | 15% |
>12 months but <=36 months | 10% |
Applicants / Companies | Rate |
Non Hong Kong permanent residents, local or overseas companies | 15% |
Property | DTI Ratio Limit (Self-use) | DTI Ratio Limit (Non Self-use) |
First property | 50% | 40% |
Second property | 40% | 40% |
Property | DTI Ratio Limit (Self-use) | DTI Ratio Limit (Non Self-use) |
First property | 60% | 50% |
Second property | 50% | 50% |
Property | DTI Ratio Limit (Self-use) | DTI Ratio Limit (Non Self-use) |
First property | 45% | 35% |
Second property | 35% | 35% |
Property | DTI Ratio Limit (Self-use) | DTI Ratio Limit (Non Self-use) |
First property | 55% | 45% |
Second property | 45% | 45% |
Property | Maximum LTV Ratio | |
Applicants’ income mainly derived in HK | Applicants’ income mainly derived from outside HK | |
First Property | 40% | 30% |
Second Property | 40% | 20% |
Property | Maximum LTV Ratio |
First property | 40% |
Second property | 30% |
Ad valorem stamp duty (AVD) | ||
Property Price | Rate | |
Exceeds | Does not exceed | |
- | $2,000,000 | 1.5% |
$2,000,000 | $2,176,470 | $30,000 + 20% of excess over $2,000,000 |
$2,170,470 | $3,000,000 | 3% |
$3,000,000 | $3,290,330 | $90,000 + 20% of excess over $3,000,000 |
$3,290,330 | $4,000,000 | 4.5% |
$4,000,000 | $4,428,580 | $180,000 + 20% of excess over $4,000,000 |
$4,428,580 | $6,000,000 | 6% |
$6,000,000 | $6,720,000 | $360,000 + 20% of excess over $6,000,000 |
$6,720,000 | $20,000,000 | 7.5% |
$20,000,000 | $21,739,130 | $1,500,000 + 20% of excess over $20,000,000 |
$21,739,130 | - | 8.5% |
Property | DTI Limit |
First property | 40% |
Second property | 40% |
Property | Stressed DTI Limit |
First property | 50% |
Second property | 50% |
Property | Maximum LTV Ratio | |
Applicants’ income mainly derived in HK | Applicants’ income mainly derived from outside HK | |
First Property | 40% | 30% |
Second Property | 40% | 20% |
Property | Maximum LTV Ratio |
First property | 40% |
Second property | 30% |
Property | DTI Ratio Limit (Self-use) | DTI Ratio Limit (Non Self-use) |
First car park* | 50% | 40% |
Second car park | 40% | 40% |
Property | DTI Ratio Limit (Self-use) | DTI Ratio Limit (Non Self-use) |
First car park* | 60% | 50% |
Second car park | 50% | 50% |
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