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Hong Kong property finance is also impacted by the current economic downturn. Apart from the impact on property market values, obtaining Hong Kong property finance is more difficult as banks have tightened their lending criteria due to the credit crisis. Healy Consultants effectively assists clients in arranging competitive Hong Kong property finance. The following is an overview of property finance options and our related services:

Hong Kong property is some of the most expensive in the world, a situation exacerbated by strong demand created by Hong Kong's robust economy as well as a shortage of land.

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The processes Healy Consultants will undertake when arranging Hong Kong property finance are: i) Compare and contrast different property finance options with our clients ii) Negotiate banking terms and conditions on behalf of our client prior to obtaining property finance iii) Having obtained appropriate finance, assistance is given to clients to open personal and corporate bank accounts to receive rental income and/or settle mortgage repayments.

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Hong Kong has a sophisticated and stable banking system, so international banks in Hong Kong are preferred when sourcing Hong Kong property finance. Healy Consultants can project manage the entire process from sourcing finance options to gaining approval. If necessary business plans and cash flow projections can be prepared to increase the probability of gaining mortgage approval.

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Interest rates for mortgages in Hong Kong are in the range of 3%, Healy Consultants assists clients obtain the most competitive international mortgages for their investment, working with banks such as HSBC, ANZ Bank, DBS Bank and OCBC Bank.

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Advice on optimum accounting and tax strategies can also contribute to sourcing the most appropriate Hong Kong property finance solution. Healy Consultants employs in-house tax specialists familiar with Hong Kong property tax issues. Our staff liaise directly with regulatory authorities and tax departments including the Hong Kong Inland Revenue Department (IRD), and Hong Kong Mortgage Corporation (HKMC).

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There are virtually no restrictions on foreigners undertaking Hong Kong property investment. Individuals buying Hong Kong property with a value of at least HK$6.5 million (US$840,000) can apply for a long-term Hong Kong residence permit.

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Owners and occupiers choosing Hong Kong property investment are liable to pay 15% property tax on the assessed annual rental income, regardless of whether that person is resident or not in Hong Kong and regardless of their nationality. Stamp duty is also payable on purchase of Kong Kong real estate. For further information on tax-related issues of buying Hong Kong property, visit the Hong Kong Inland Revenue Department website.

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Whether the purchase is for residential or commercial purposes or as a property investment to grow your global assets, Healy Consultants will tailor a solution to meet your Hong Kong property finance requirements.

For more information on Hong Kong property finance, call our Hong Kong office at (+852) 8331 1911 or contact email@healyconsultants.com