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Buying property in Hong Kong

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  #1  
Old 31-08-2004, 12:06 PM
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Buying property in Hong Kong

I plan to come to HK via an Investment Visa.

I'm just curious, how hard is it for an expat who just moved to HK to get a mortgage. I plan on getting a mortgage via the bank that my HK business has a business account with and the business is a pretty high bank balance.

I plan on putting down 25% on the property I plan on buying. Do you think most banks will be willing to give me a mortgage if I put such a significant amount of money down?
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Old 23-09-2004, 10:46 PM
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Have you purchased property before? Do you plan on purchasing a flat, apartment complex, ...? If it's an investment property, have you found the right people or service to manage your prop?
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Old 23-09-2004, 11:15 PM
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>> I plan on putting down 25% on the property I plan on buying. Do you think most banks will be willing to give me a mortgage if I put such a significant amount of money down?

It depends on the risk that the bank perceives. They usually prefer to see steady income (corporate or personal) before they give out mortages. Best to talk to the bank your corporate account is with.
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