How much is the deposit for a HOS flat and what is the payment method?

Hong Kong Housing Authority & Housing Department

HOS buyers shall pay a deposit of not less than 5% (Green Form) / 10% (White Form) of the purchase price of the selected flat at the time of signing the Agreement for Sale and Purchase.

Deposit payment method of HOS buyers

	Green Form buyers	White Form buyers
Amount of deposit	not less than 5% of the purchase price	not less than 10% of the purchase price
Deposit must be paid via cashier’s order or FPS	not less than $66,000	not less than HK$132,000
Deposit must be paid via cashier’s order or FPS	buyers may settle the full amount of deposit via cashier’s order or FPS
If the amount paid by cashier’s order or FPS is less than 5% (Green Form) / 10% (White Form) of the purchase price	Any outstanding balance should be paid by: a cashier’s order, a personal cheque, or via FPS Note: cashier’s order(s) or personal cheque should be made payable to “HONG KONG HOUSING AUTHORITY” payment by company cheque or in cash will not be accepted

Example - Green Form buyer
If the purchase price of the selected flat is $1,800,000, the 5% deposit will be $90,000. Upon deducting the amount of $66,000 cashier’s order that you bring along, you are required to pay the outstanding balance of $24,000 by a cashier’s order, a personal cheque or via FPS. Alternatively, you may settle the full amount of deposit in sum of $90,000 via cashier’s order or FPS.

Example - White Form buyer
If the purchase price of the selected flat is $1,800,000, the 10% deposit will be $180,000. Upon deducting the amount of $132,000 cashier’s order that you bring along, you are required to pay the outstanding balance of $48,000 by a cashier’s order, a personal cheque or via FPS. Alternatively, you may settle the full amount of deposit in sum of $180,000 via cashier’s order or FPS.

Points to note for using FPS

If buyers select to use FPS for the payment of deposit, they should pay attention to and prepare the following items before attending the flat selection:

Buyer's authentication for mobile banking app is required and need to enable the QR code scanner of the mobile banking app.
The QR code scanning function provided by individual banks may vary. Buyers should contact the bank for details first.
Before paying the deposit, please check the FPS daily payment limit pre-set with your bank and to ensure there are sufficient funds in the account.
Please carefully check all the information on the FPS Advice before confirming the payment instruction and retain the payment records.