The Hong Kong Mortgage Corporation Limited (HKMC) announced enhancements to its Reverse Mortgage Programme (RMP) and a new Green Promotion that offers one-off cash incentives for applicants using properties with a “BEAM Plus” rating across the RMP, Mortgage Insurance Programme (MIP) and Fixed Rate Mortgage Scheme. Under the RMP enhancements, supported by the reduced funding cost from HKMC’s HKD 2 billion 30-year social bond issuance in November 2025, the fixed-rate mortgage plan interest rate is reduced to 4% per annum for the first 30 years and monthly payout amounts increase by up to 5% depending on entry age. The example provided for a single borrower choosing a life payment term shows monthly payouts per HKD 1 million of specified property value rising from HKD 1,590 to HKD 1,660 at age 55, HKD 1,930 to HKD 2,020 at age 60, and HKD 2,920 to HKD 3,070 at age 70. The Green Promotion runs from 17 March to 31 December 2026 and provides incentives of HKD 3,000 or 0.1% of specified property value (capped at HKD 8,000) for the RMP, HKD 3,000 (loans below HKD 5 million) or HKD 5,000 (loans at or above HKD 5 million) for the MIP, and HKD 1,000 (loans below HKD 5 million) or HKD 3,000 (loans at or above HKD 5 million) for non-MIP loans under the Fixed Rate Mortgage Scheme. Applications for the enhanced RMP open on 10 March 2026. Details of the Green Promotion are scheduled to be made available from 17 March.

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