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.