【Retirement Essentials】 The mortgage company optimizes the elderly mortgage plan; fixed-rate mortgage interest rate for the first 30 years drops to 4%; monthly annuities increase by at least 4%

SocialAnxietyStaker · 2026-03-09T12:57:49+00:00

Hong Kong Mortgage Securities Company optimizes the Elderly Mortgage Plan by reducing the interest rates for fixed-rate mortgage plans and increasing the monthly annuity amount, accepting applications from today. Additionally, properties that support eco-friendly construction can receive cash rewards, promoting the silver economy and environmentally friendly culture.

SocialAnxietyStaker

2026-03-09 12:57:49

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Hong Kong Mortgage Corporation optimizes the Elderly Mortgage Plan. The fixed-rate mortgage plan’s initial 30-year annual interest rate is reduced from 4.5% to 4%, then maintained as the best rate minus 2%. Monthly pension amounts for different participating ages can increase by up to 5%. Applications start accepting from Tuesday (10th). For example, for single borrowers aged 55, 60, and 70, with property values of HKD 1 million, the monthly pension amounts after optimization are HKD 1,660, HKD 2,020, and HKD 3,070 respectively.

The Corporation states that the optimization benefits from the issuance of HKD 2 billion 30-year social responsibility bonds last November, which lowered funding costs.

Example: Single borrower, lifetime pension period

Elderly Mortgage Fixed-Rate Plan Monthly Pension Amount (based on property value of HKD 1 million)
Participating Age	Before Optimization (initial 30-year rate 4.5%, then P (Note 2) minus 2%)	After Optimization (initial 30-year rate 4%, then P minus 2%)	Change
55 years old	HKD 1,590	HKD 1,660	+4.40%
60 years old	HKD 1,930	HKD 2,020	+4.66%
70 years old	HKD 2,920	HKD 3,070	+5.14%

Properties with “Green Building Environmental Certification” rating receive a one-time cash reward

Additionally, to support environmentally friendly building and property development, the Corporation will promote from next Tuesday (17th) until the end of this year. Applications for Elderly Mortgage, Mortgage Insurance, and Fixed-Rate Mortgage for properties with a “Green Building Environmental Certification” rating will be eligible for a one-time cash reward.

Overview of the one-time cash rewards:

● Elderly Mortgage Plan: HKD 3,000; or 0.1% of the property value (up to HKD 8,000), whichever is higher

● Mortgage Insurance Plan: HKD 3,000 (for loans below HKD 5 million); or HKD 5,000 (for loans HKD 5 million or above)

● Fixed-Rate Mortgage Plan (non-insured loans): HKD 1,000 (for loans below HKD 5 million); or HKD 3,000 (for loans HKD 5 million or above)

Mr. Pak Kwan, Executive Director and President of the Mortgage Corporation, stated that the funds raised from bond issuance will support the Elderly Mortgage Plan, helping retirees in need by lowering interest rates and providing higher monthly pensions. This initiative promotes the development of the local retirement planning market and contributes to the silver economy. Meanwhile, through green promotion, the Corporation encourages citizens to support eco-friendly buildings, fostering environmental awareness and positive environmental impacts.

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