Bank of China (Hong Kong) pioneers Greater Bay Area home mortgage solutions for Hong Kong residents

[The content of this article has been produced by our advertising partner.]

Thanks to relaxed policies and improved transport links, the Greater Bay Area (GBA) has become a popular choice for Hong Kong residents looking for property purchase in recent years. Currently, Hong Kong residents can obtain mortgage loans from Hong Kong banks for the purchase of properties in the mainland cities of the Greater Bay Area.

A survey conducted last year by Bank of China (Hong Kong) (BOCHK), involving more than 2,700 respondents, showed that 46% considered property purchase in the GBA for vacation or retirement purposes, with popular destinations including Shenzhen, Guangzhou and Zhongshan. In addition, two-thirds of respondents aged 55 or above expressed interest in purchasing property in the area for retirement.

"The GBA's interconnectivity policies have led to a notable increase in Hong Kong residents looking for property purchase, starting businesses, or retiring in the region. BOCHK is taking proactive steps by introducing the “Greater Bay Area Loan Series”, expanding our support to cover properties in all nine mainland cities across the region,” says Mina Lau, Deputy General Manager of the Personal Digital Banking Product Department at BOCHK.

“We are committed to constantly improving our services to ensure Hong Kong residents enjoy a seamless property financing journey. By offering a one-stop solution, we aim to facilitate a fulfilling lifestyle in the GBA for them,” she says. 

Easing cross-boundary property purchases with BOCHK’s remittance service