6-Step Guide to Premium Payment in Hong Kong

May 14

2 minutes

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6-Step Process for Premium Payment

Total Time: From submission to obtaining the certificate takes approximately 3-5 months (depending on valuation and payment speed)

Submit Form HPA-6 along with a check (payable to "Hong Kong Housing Authority") to the respective tenancy management office or main office

This will note the file number and the estimated date of the valuer's visit, allowing the owner to prepare for the inspection

Assesses area, renovations, floor level, unauthorized structures, etc.; usually takes about 4-6 weeks to complete and issue the valuation

Specifies the payable premium and payment deadline; if dissatisfied, owners can appeal in writing within 28 days or apply for a review by the Lands Tribunal

One-time payment; if applying for installments (6 or 12 months), interest must be paid and a installment agreement signed

Certificate is issued approximately 4-6 weeks after full payment; the owner must register the certificate with the Land Registry, lifting all resale/rental restrictions imposed by the Housing Authority

Expired Quote: If no payment is made within 6 months, a re-evaluation is required; if property prices rise, the premium will increase accordingly.
Outstanding Fees or Inspection Orders: Unpaid rates, management fees, or fines for mandatory building/window inspections will cause the Housing Authority to suspend the process.
Co-owner Disagreement: All co-owners must sign; if there are disputes, ownership division or internal buyout must be resolved first.
Two-Year Resale Restriction: Even after paying the premium, if it's within the first two years of purchase, the property can only be sold on the open market after the two-year period.

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