The Hong Kong Mortgage Corporation Limited (HKMC) has been actively applying the principles of environmental, social and governance (ESG) in its work. It is committed to operating business in a socially responsible and sustainable manner while implementing a high standard of corporate governance. To promote the development of green and sustainable finance with environmental and social benefits, the HKMC is going to launch the following two initiatives.
- Enhancement to the Reverse Mortgage Programme (RMP)1
Benefitting from the successful issuance of the 30-year HK$2 billion social bonds in November 2025 that lowered the cost of funds, the RMP introduces enhancement measures to lower the interest rate of its fixed-rate mortgage plan to 4% p.a. for the first 30 years and increase the monthly payout amounts by a maximum of 5% varying by entry age. Application will open tomorrow (i.e. 10 March).
Example: A single borrower selecting life payment term
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Fixed-rate mortgage plan under the RMP
Monthly payout amount (per HK$1 million of specified property value)
|
|
Entry age
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Before enhancement
(Interest rate of 4.5% p.a. for the first 30 years and P2 minus 2% p.a. thereafter)
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After enhancement
(Interest rate of 4% p.a. for the first 30 years and P minus 2% p.a. thereafter)
|
|
55 years old
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HK$1,590
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HK$1,660
|
|
60 years old
|
HK$1,930
|
HK$2,020
|
|
70 years old
|
HK$2,920
|
HK$3,070
|
- Green Promotion
To foster the development of green buildings and properties in contributing to a sustainable future for Hong Kong, the HKMC will launch a promotion from 17 March to 31 December 2026, encouraging the public to use a property with “BEAM Plus” rating3 to apply for the RMP, the Mortgage Insurance Programme (MIP)4 and the Fixed Rate Mortgage Scheme. A one-off cash incentive will be provided under the Green Promotion, with a brief introduction as follows:
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Programme
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One-off cash incentive
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The RMP
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HK$3,000; or 0.1% of the specified property value
(capped at HK$8,000), whichever is higher
|
|
The MIP
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HK$3,000 (for loan amount below HK$5 million); or
HK$5,000 (for loan amount at or above HK$5 million)
|
|
The Fixed Rate Mortgage Scheme
(non-MIP loans)
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HK$1,000 (for loan amount below HK$5 million); or
HK$3,000 (for loan amount at or above HK$5 million)
|
Mr Colin Pou, Executive Director and Chief Executive Officer of the HKMC, said, “We are pleased that the proceeds from the social bonds issued last year can be used to support the RMP, lowering the interest rate and providing higher monthly payouts to the retirees in need. This initiative promotes the development of the local retirement planning market and contributes to the silver economy. At the same time, through the implementation of the Green Promotion, the HKMC encourages the public to support green buildings, which helps foster a green culture and bring a positive impact to the environment.”
For enquiries about the RMP, please call the HKMC Retire 3 Hotline at 2536 0833. For details of the Green Promotion, information will be available on the HKMC website (www.hkmc.com.hk) from 17 March. The public may also reach out to the participating banks and institutions (see Annex) for enquiries.
The Hong Kong Mortgage Corporation Limited
9 March 2026
1 The RMP is operated by HKMC Insurance Limited. HKMC Insurance Limited is a wholly-owned subsidiary of the HKMC.
2 P is the Hong Kong Prime Rate which is determined by the HKMC from time to time.
3 “BEAM Plus” rating: (1) Platinum or Gold rating (Provisional or Final) under “BEAM Plus New Buildings”, or Platinum or Gold rating (Final) under “BEAM Plus Existing Buildings (Comprehensive Scheme)” as shown on Hong Kong Green Building Council (HKGBC)’s BEAM Plus Project Directory and Statistics; or (2) Green+ or Green rating under “BEAM Plus Interiors (Residential)” as evidenced by a valid certificate issued by the HKGBC.
4 The MIP is operated by HKMC Insurance Limited.
