Buying a new home is exciting! Yet in Hong Kong, you better be familiar with the current stamp duty (taxes) policies or you might end up shocked by what you have to pay for a new apartment in this city – already some of the world’s most expensive and unaffordable homes. (Updated March 2019) What is stamp duty in Hong …
3 Greater Bay Area Projects That Will Massively Impact Property
Three unprecedented infrastructure projects that improve Hong Kong’s links to Mainland China will be completed by the end of 2018. This will allow the 68 million people and major cities of Hong Kong, Shenzhen, Macau/Zhuhai, and Guangzhou to be more connected than ever before. The projects will massively change the dynamics of the Hong Kong and Greater Bay Area property …
5 Market Moving Property Points from the 2018-2019 Hong Kong Budget
On 28th February, Hong Kong Financial Secretary Paul Chan Mo-po announced the 2018-2019 budget. Mr. Chan stated that he was cautiously optimistic about Hong Kong’s economic prospects. Although he admitted that property prices had soared beyond the affordability of ordinary citizens over the past years, he believed that the key factors underpinning soaring property prices over the past few years were gradually undergoing …
Public Housing = Poor Living Conditions? These Asian Countries Say No!
In Hong Kong, living in public houses is a symbol of lower-income residents. But the case differs in Singapore, Taiwan and Korea. Public housing in these countries are tourists’ favorites and the living environments are good. Do you know what are the differences between government housing in these places? Hong Kong There are two types of public housing in Hong …
What Home Buyers Need to Know About the Land Registry
What services does Land Registry (LR) provide? Deeds Registration If a member of the public purchases a property or becomes a party to a property transaction, he/she will need to execute a deed or other document. That deed or document will normally be registered with the Land Registry because registered documents would have a priority over unregistered documents and other documents …
5 Great Ways to Use the Rating and Valuation Department
When someone talks about ‘Rating and Valuation Department’ (RVD), what is the first thing that pops up to your mind? Rates, government rent or valuation of properties? In addition to calculating and collecting the rates and government rent of your property, RVD actually delivers a lot more services to the public. Here are 5 useful services that you might have never …
10/10 News Roundup: URA received 9 tenders for Peel Street commercial site
URA received 9 tenders for Peel Street commercial site The Urban Renewal Authority (URA) received 9 tenders for a 29,000-square-foot commercial development site on Peel Street and Graham Street in Central. The project to be built on the site will provide a gross floor area of not more than 434,000 sq ft for office, hotel and retail purposes, as well …
