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Financial assistance

Integrated Building Rehabilitation Assistance Scheme (IBRAS)

Urban Renewal Authority (URA) launched an all-in-one "Integrated Building Rehabilitation Assistance Scheme", providing financial assistance and technical support to building owners.

Under the IBRAS, owners can simply complete one set of application forms for multiple applications by those who meet the eligibility criteria of the respective assistance schemes to carry out building and window repair works:

Mandatory Building Inspection Subsidy Scheme

by Urban Renewal Authority

  • $25,000-$100,000 subsidy on the first prescribed inspection (subject to the total number of units)
View details (URA)

"Smart Tender" Building Rehabilitation Facilitating Services

by Urban Renewal Authority

  • A professional consultant to provide independent cost estimate and technical advices on building rehabilitation works
  • An electronic tendering platform to facilitate procurement of consultant and registered contractor; an independent professional to oversee tender opening process
  • A DIY tool-kit to guide building rehabilitation works
View details (URA)

Common Area Repair Works Subsidy

by Urban Renewal Authority

General repair works subsidy

  • Maximum subsidy at 20% of approved works cost or $3,000 per unit, whichever is the lower, capped at $1.2M per Applicant

Green Item subsidy

  • Maximum subsidy at 20% of approved works cost or $1,500 per unit, whichever is the lower, capped at $0.6M per Applicant

Note: Smaller buildings with less than 50 units will enjoy higher subsidy

Common Area Repair Works Hardship Grant

  • Eligible owner with financial difficulty can apply for maximum $10,000 grant
View details (URA)

Home Renovation Interest-free Loan

by Urban Renewal Authority

  • An interest-free loan of up to HK$50,000 per domestic unit for interior repair works (including windows) provided to eligible owners.

Home Renovation Hardship Grant

  • Eligible owner with financial difficulty can apply for maximum $10,000 grant
View details (URA)

Building Safety Loan Scheme

by Buildings Department

  • Loans to owners (up to HK$1 million for each unit of accommodation) for carrying out building and window inspection and repair works, and interest-free loans to owners meeting asset limit requirements.
View details

Building Maintenance Grant Scheme for Elderly Owners

by Hong Kong Housing Society

  • A grant of up to HK$40,000 per unit provided to eligible elderly owners / occupiers meeting income and asset limit requirements for repair works in common parts and individual units. (Government fund administered by HKHS)
View details (HKHS)
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