Hong Kong Information

Our office address is: 5/F, 31C-D Wyndham Street, Central, Hong Kong.

We are open from Monday till Friday between 9 am to 6 pm and on Saturdays between 9 am and 1 pm.

Rent usually excludes utilities such as water, gas, electricity, phone and broadband connections as well as management fee, government rates and government Rent

Property Agents who locate premises, assist in negotiations and conclude a lease or a sale and purchase agreement charge a fee for their services. The purchaser and vendor each pay 1% to the agent. The standard fee for a lease is 50% from each party to the agent.

Short term accomodation - less than six(6) months period is cherged by 10%of the fixed total rental period or 10% per month of a flexible period.

1. Vendor appoints an estate agent to sell the property.

2. Vendor and purchaser sign the Provisional (or Preliminary) Agreement for Sale and  Purchase. The purchaser then pays the initial deposit, which is usually 3-5% of the property price.

3. Vendor appoints his own solicitor . Solicitor prepares the formal Agreements for Sale and Purchase.

4. Vendor and purchaser sign the Agreements for Sale and Purchase. The Purchaser then pays the further deposit, which is usually 5-7% of the property price.

5. Solicitor checks the documents related to property ownership and mortgage loan.

6. Vendor signs the Assignment at the solicitors office on or before the completion day, hand over the key of the property to the solicitor, and obtain the remainder of property price.

7. Completion.

For more information on calculation of Stamp Duty Stamp Duty

Mortgage calculator provided by Hang Seng Bank  Mortgage calculator

Plan your purchase! Check out our step-by-step procedure.

Look out for the prevailing requirements for down payments!

1. Purchaser appoints an estate agent to search for appropriate properties to buy. The purchaser inspects the property and negotiates the price with the agent or the vendor.

Watch out for illegal structures! Consult a surveyor if in doubt.

2. Vendor and purchaser sign the Provisional (or Preliminary) Agreement for Sale and Purchase. The purchaser then pays the initial deposit, which usually 3-5% of the property price.

3. Purchaser appoints his own solicitor. The solicitor checks the formal Agreements for Sale and Purchase submitted by the vendor's solicitor.

4. Vendor and purchaser sign the Agreements for Sale and Purchase. The purchaser then pays the further deposit, which is usually 5-7% of the property price.

5. Purchaser applies for mortgage loan from a bank if needed. Solicitor checks the documents realted to property ownership and mortgage.

6. Purchaser pays the balance of purchase price, maybe arranged between the solicitor and the bank providing mortgage loan, and then sign the Assignment.

For more information on calculation of Stamp Duty Stamp Duty

Mortgage calculator provided by Hang Seng Bank  Mortgage calculator