There are two types of subsidy under the HALS: (i) a one-off interest-free loan and (ii) monthly mortgage subsidy (Successful applicants can only receive one type of subsidy).

		Families with two or more members		Single persons		Form of subsidy / repayment
Interest-free Loan(HK$)		$530,000		$265,000		Repayable over 13 years by equal instalments.
		$390,000		$195,000		Repayable over 20 years by equal instalments.
Monthly Mortgage Subsidy (HK$)		$3,800 per month		$1,900 per month		Receivable for 48 months. No repayment is required.

• The loan / monthly subsidy granted under the HALS is intended to assist approved purchasers to purchase ONE local domestic property, and is not transferable to mortgage or subsidize other properties;

• The monthly subsidy granted to the approved purchasers will cease if any of the following circumstances occurs:
  

  1.	The property is sold during the subsidy payment period;
  2.	The monthly repayment amount under the mortgage falls below $3,800 (families with two or more persons) or $1,900 (single persons).
  3.	Mortgage arrangement / ownership is changed without Housing Authority's prior consent during the subsidy payment period.