Regulatory Alerts2026-02-05
Added · Updated
Expansion of Payment Arrangements for Property Transactions to Sale and Purchase of Residential Properties in the Secondary Market in Hong Kong
The Hong Kong Monetary Authority directs all Authorized Institutions to implement the Payment Arrangements for Property Transactions for secondary market residential sales and purchases effective 28 February 2026. This expansion enables mortgage loan proceeds to be disbursed directly between institutions via CHATS to settle vendor loans and pay surplus funds on the same day. Banks are required to finalize operational preparations, train staff, and actively promote adoption of the new payment system to their customers.