Buy Home with no Deposit

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  1. #1

    Join Date
    Nov 2006
    Location
    Tung Chung
    Posts
    58

    Buy Home with no Deposit

    is it, and how do you buy a Property in HK without a Deposit? I think ill have to depend on Government Home when I retire and have no more work.

    1 way is Overdraft! but thats a lot to pay back over a short term.

    2 way is My Home Scheme. but that involves buying a home in some remote location built by the government, until you have earnt enough deposit.

    Any other ideas?


  2. #2

    Join Date
    Nov 2008
    Posts
    4,574

    it doesn't sound like a very good idea.


  3. #3

    Join Date
    Nov 2010
    Location
    HK
    Posts
    1,180

    Pay cash for the whole thing


  4. #4

    Join Date
    Aug 2007
    Posts
    1,192

    If you are borrowing 70% for the purchase of a property, then the 10% deposit should form part of your share of the purchase.