News Hong Kong Property & Finance

Mortgage Advice - urgent!

ORIGINAL POST
Posted by sam_maz 14 yrs ago
We too are planning to buy an apartment priced at HKD8.9M but could be negotiated down to 8.6M. Now we have 2.5M in hand for downpayment and reg. fee to the gov. So as per our calculation that will be around 70% of the property price.

In the present scenario after Nov2010 we are able to get only 60% loan. Can some one plaese advice me if it is possible to get an additional 10% loan from somewhere? If yes, then from where and how?


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COMMENTS
associates 14 yrs ago
Unless you structure this properly, you while stuck paying Property Tax rather than the much more efficient Profits Tax….we suggest you consider the appropriate structure to maximize your tax efficiencies as well as stamp duty implications….


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