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Home Ownership Scheme Application Process

We offer these privileges to home buyers

  • Maximum loan amount up to 95% of the property value
  • Maximum loan period up to 25 years
  • Two repayment plans with monthly or fortnightly options to choose from
    - Straight-line repayment plan
    - Step-up repayment plan

Application procedure for the Government Home Ownership Scheme /
Private Sector Participation Scheme and mortgage loan

STEP 1
Return a completed application form with the application fee to the Hong Kong Housing Authority
STEP 2
For eligible White Form applicants:
  • Receive a flat selection letter
  • Select flat and make a down payment of 10% of the purchase price
 For eligible Green Form applicants (existing public housing tenant):
  • Receive a flat selection letter
  • Select flat and make a down payment of 5% of the purchase price
STEP 3
Apply for a mortgage loan by visiting any HSBC branch with the following documents:
  1. Sale and Purchase Agreement (Government Home Ownership Scheme) or Nomination Letter (Private Sector Participation Scheme)
  2. Receipt for down payment
  3. Hong Kong Identity Card
  4. Bank account details
STEP 4
Government Home Ownership Scheme
  • You will sign the Sale and Purchase Agreement on the same day you select the flat
  • After you have passed a copy of the Sale and Purchase Agreement to the Bank, we will issue a detailed mortgage offer letter to you
  • Upon issue of the Occupation Permit, you will sign the Mortgage Deed and Title Deed at your solicitor's office
Private Sector Participation Scheme
  • You will receive a written notification to sign the Sale and Purchase Agreement at your solicitor's office
  • The Bank will issue a detailed mortgage offer letter to you
  • Upon issue of the Occupation Permit, you will sign the Mortgage Deed and Title Deed at your solicitor's office
STEP 5
Collect the keys to your flat, inspect the property and prepare for decoration work

Purchase procedure for Government Home Ownership Scheme units
in secondary market

Buyer:
Public rental housing tenant / prospective public rental housing tenant		 Seller:
Owner of a Government Home Ownership Scheme unit
STEP 1
Apply for a certificate from the Government Home Ownership Scheme Secondary Market Post Sale Services Unit under the Hong Kong Housing Authority, certifying your eligibility to sell or buy the flat
STEP 2
Look for the right property Put the property up for sale on the market:
  • On his/her own
  • Through estate agencies
STEP 3
Buyer and seller will negotiate the property price on their own and then sign a provisional Sale and Purchase Agreement
STEP 4
  • Buyer's solicitor will have to apply to the Government Home Ownership Scheme Secondary Market Post Sale Services Unit for a Nomination letter
  • Talk to HSBC about arrangements for a mortgage loan
 N/A
STEP 5
Buyer and seller will sign the formal Sale and Purchase Agreement
STEP 6
Solicitors of both parties must inform the Post Sale Services Unit of the Hong Kong Housing Authority of the agreement
STEP 7
  • Public rental housing tenant : his/her rental flat will have to be surrendered
  • Prospective public rental housing tenant: his/her eligibility for public rental housing will be revoked
 Deliver property up for vacant possession
STEP 8
Completion of procedures

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