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Citibank provides free property valuation and estimates for prospective mortgage applicants. As soon as you enter the property details, it will give you an instant property valuation but this service only applies to major property developments in Hong Kong. In general, the result is usually more conservative. To get a higher valuation, you need to get more valuations from different banks. But this process is time-consuming.
If you are like most Hong Kong people, you are probably very much time-deprived. Then, you can leave the entire mortgage application to MoneySmart. We work with a number of major mortgage lenders in Hong Kong and we can help you get a number of valuations easily. To get an instant valuation of your property, you can also try our Property Valuation Calculator.
|Mortgage Loan Size||Mortgage rate||Cash Rebate|
|HK$1,000,000 or above||P(5.375%) - 3% = 2.375%||1%|
|Mortgage Loan Size||Mortgage Rate /Capped Mortgage Rate||Cash Rebate|
|HK$2,000,000 or below||H+1.40％／P(5.375%) - 2.90% = 2.475%||1%|
|HK$2,000,000-HK$3,000,000||H+1.240％(New Purcahse)／H+1.250％(Refinance)／P(5.375%) - 2.90% = 2.475%||0%|
|HK$3,000,000 or above||H+1.240％／P(5.375%) - 2.90% = 2.475%||N.A.|
|Property types||Y/ N||Remarks|
|New purchase of public housing without premium payment (green form applicants)||N||N.A.|
|New purchase or refinance of HOS flats without premium payment||N||N.A.|
|Property with building orders||Maybe||Depending on the severity level of a violation|