Enhanced HLISS case sharing and latest arrangement

A resident specialist from Kowloon West Cluster with his wife, who is also a doctor in Hospital Authority, and their daughter previously rented a flat in Tseung Kwan O, and had been planning to purchase a property. Based on their family’s monthly income and down payment budget, they could only afford a flat of around 600 square feet. With the support of Enhanced HLISS, the doctor successfully purchased a flat of over 900 square feet (photo) to welcome his newborn daughter. “Not only reduced the down payment burden but also saved over HK$100,000 in mortgage insurance premium.” A consultant from the New Territories East Cluster refinanced the existing property through Enhanced HLISS, thereby reducing the total interest costs. The doctor reckons that Enhanced HLISS provides more favourable loan terms, which serves the purpose of talent retention.

Latest arrangement for Enhanced HLISS: Eligible staff may apply upon completing one-year qualifying service and enjoy the maximum Staff Loan tenor of 30 years. The first 30-year Staff Loan was granted to an executive officer from Head Office, who purchased a property for over HK$7 million. “Compared to a 20-year repayment period, the monthly payment has reduced by HK$4,000 to $5,000, alleviating repayment pressure.”