Category: Hong Kong (China)

Do you plan to buy property in Hong Kong S.A.R.?
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Buying property in Hong Kong is straightforward and it’s not as common to come across non-serious real estate agents, in comparison with developing countries like Cambodia.

Still, prices are among the highest in the world, a reason why many Hong Kongers now decide to invest overseas, in countries like Vietnam instead.

If you buy property in Hong Kong, you’ll probably want to know what loan options you have. Therefore I’ve contacted a number of Hong Kong banks and written this guide. Let’s have a look.

How can I get a property loan as a foreigner in Hong Kong?

I was surprised when talking with different banks in Hong Kong and realized how open they are to foreign borrowers. The process to apply for loans is very similar between locals, PR holders and non-resident foreigners. This is something we’ve seen in Singapore as well.

The key aspect that determines how much you’ll be able to obtain is mainly depending on your source of income. The banks don’t take your nationality into consideration, which is good, it’s all about your source of income.

Continue reading Hong Kong Property Loans for Foreigners: A Complete Guide

Do you plan to buy property in Hong Kong S.A.R.?
Click here to get in touch with an experienced agent

If you’re a Hong Kong citizen or a permanent resident foreigner, you can sometimes apply for a so called overseas mortgage.

The mortgages are designed to let you finance a property outside of Hong Kong, often you have the first contact with a bank in Hong Kong and you later transfer to a branch in the country where you intend to buy. They sometimes even help you to fill out the application, before the transfer is made.

Which banks offer overseas property loans in Hong Kong?

It’s not easy to find summarized about the banks that offer overseas mortgages (at least in comparison to Singapore), how much you can borrow and what conditions that apply. Therefore, I decided to do some research on my own and to write this article.

I’ve personally been in contact with a number of banks and with branches in Hong Kong (and the UK) to understand what overseas mortgages they offer. Let’s have a look.

1. BOC (Bank of China)

Bank of China, sometimes referred to as BOC, is one of the top four commercial banks in China. It opened its first Hong Kong branch in 1917 and has become one of the major players.

Continue reading Getting an Overseas Property Loan in Hong Kong: A Complete Guide