Entry Contribution & Other Charges

Entry Contribution / Rental

Long Lease

Entry Contribution is the lump sum payable for the Long Lease ("life lease") of an independent living residential unit. It varies depending on the age of the tenant, size and location of the unit.

• For tenants aged 60 to 85, the amount of Entry Contribution for the same unit diminishes with age, while the amount remains constant for applicants who are 85 years of age or above.

• For a joint application, the Entry Contribution will be based on the actual age of the younger applicant. 

Entry Contribution List

 Click here to view the Entry Contribution List
 

• Reverse mortgage financing option

  • The Hong Kong Mortgage Corporation (HKMC) has agreed in principle to allow tenants of The Tanner Hill to apply for a lump-sum loan to settle the entry contribution of The Tanner Hill and rent out their mortgaged residential properties upon the successful application of the Reverse Mortgage Program. For more details, please visit HKMC's website. 
     

Enhanced Long Lease Incentive Program

Click here for more information 

Short Lease  (The program has ended and is only available to current short lease tenants) 

• Rent is to be paid by tenant monthly and varies among different units. 

Enhanced Long Lease Incentive Program

Eligible applicants

• Long Lease Wait-listing Persons (non-tenant)

• Existing Short Lease Tenants; and

• Existing Long Lease Tenants (Only applicable to change of unit) 

Period

• Lease Commencement Date must fall on or before 31 March 2026

Requirements

• To sign a 24-month fixed-term lease agreement.

• To pay a fixed monthly rent on time during the 24-month tenancy.

• During the tenancy, tenant can apply to convert to a Long Lease at any time. The amount of Entry Contribution payable under the Long Lease shall be determined by the age of the tenant (i.e. the younger tenant of joint tenancies) as of the date of submitting the Conversion Notice and the prevailing level of Entry Contribution as prescribed by the Hong Kong Housing Society.

• Subject to the tenant’s due performance and compliance with all the stipulated terms and conditions in the tenancy agreement and house rules & regulations, the tenant can exercise the option to renew for a further 24-month fixed-term at the rental determined and newly published by the Hong Kong Housing Society. The tenant must provide a written notice of their intention to the landlord not less than 6 months before the expiration of the lease. 

Applicable unit types

• Studio, 1-bedroom (with storeroom) and 2-bedroom (without storeroom) 

Other Charges 

Monthly management fee (Waived)

• This fee is attributable to the premises, representing a proportionate share of the costs, charges and expenses for the management and maintenance of The Tanner Hill. The management fee payable per month for any particular unit is subject to the allocated management shares which specified in the Estate Management Contribution Deed, available for inspection in the leasing office. Currently, payment of management fee is waived during the tenure while this is subject to review and adjustment from time to time.

Monthly service fee (Waived)

• This fee covers home care support services and handyman service (up to 2 hours for a studio unit and 4 hours for other units per month, excludes parts fee). Currently, payment of the basic service fee is waived during the tenure, thoughthis is subject to review and adjustment from time to time. 

User-pays lifestyle service fee

• Housekeeping and additional handyman service

• Concierge services such as limousine arrangement, bill payment service and secretarial service

• Fitness programs

• Butler services such as newspaper and magazine subscription and delivery, luggage delivery and laundry

• Social convening service for coordinating interest classes or personal parties 

Government rates (Waived)

• Current tenants are exempt from the Rates for the duration of their tenancy agreement. The Hong Kong Housing Society will review and adjust this arrangement from time to time. 

Stamp duty

• Long lease:

  • The ad valorem stamp duty (Scale 2) is chargeable by the Inland Revenue Department of the Government of The Hong Kong Special Administrative Region. It is payable solely by the tenant upon signing of the Lease Agreement and is subject to final adjudication of the Inland Revenue Department.

• Enhanced Long Lease Incentive Program and Short Lease:

  • Stamp duty is chargeable at the rate of 0.5% of the yearly rent by the Inland Revenue Department of the Government of the Hong Kong Special Administrative Region. It is shared 50/50 between the tenant and the landlord (HKHS) and is payable upon signing of the Lease Agreement.

• Registration fee

  • A registration fee is chargeable by the Land Registry of the Government of the Hong Kong Special Administrative Region and is payable solely by the tenant. This fee is not applicable to a short lease.

Utilities charges and deposits

• Utilities charges and deposits are payable to the Water Supplies Department and the Hong Kong Electric Company Limited solely by the tenant. 

Payment Options 

Long Lease

3 payment options for Entry Contribution are available to ensure financial flexibility for future tenants:

• One-off lump sum payment

  • 100% payment is to be settled upon execution of the Lease Agreement. 

• 1-year staged payment

  • A 2.25% surcharge applies over the one-off lump sum payment.

  • A 50% down payment is to be settled upon execution of the Lease Agreement.

  • The remaining 50% is to be settled no later than 12 months from the lease commencement date.

• 10-year staged payment

  • A 15.5% surcharge applies over one-off lump sum payment.

  • A 50% down payment is to be settled upon execution of the Lease Agreement.

  • The remaining 50% is to be settled by 120 equal instalments, payable monthly in advance from the lease commencement date. (First 2 instalments will be collected upon execution of the Lease Agreement.) 

• Enhanced Long Lease Incentive Program

  • 24-month fixed-term tenancy.

  • Rental to be paid on a monthly basis.

  • Conversion to Long Lease at any time during the lease period. 

• Short Lease (The program has ended and is only available to current short lease tenants)

  • Rental to be paid on a monthly basis. 

Termination & Refund 

Long Lease

• A termination refund will be available if a tenant wishes to terminate the tenancy after execution of the Lease Agreement and Service Agreement. The refund amount for different payment options is calculated based on the following formula:  

Refund = (Full Entry Contribution Amount x Refund Percentage) - Outstanding Entry Contribution Amount  

• Click here to download the Refund Percentage 

Case Illustrations of the Termination Refund Mechanism: 

• Scenario 1

• Scenario 2

• Scenario 3 

Enhanced Long Lease Incentive Program

• Please refer to Important Notes (Enhanced Long Lease Incentive Program) for details on related early termination requests. 

Short Lease (The program has ended and is only available to current short lease tenants) ​

• Please refer to the Important Notes (Short Lease) for details on related early termination requests.