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Hong Kong Information > Housing
Purchasing Property

Buying Property in Hong Kong

There is no restriction on foreigners buying property in Hong Kong.  Few expats tend to buy in the territory unless they see themselves as long term residents. Those who did invest ten or more years ago have done quite well even in the current climate. Property prices are down 40-60% from their high in 1997, but relative to other cities Hong Kong is still expensive.

If you are interested in buying property, appoint a reputable agent, who can verify land title and all other information relevant to the property.  If an agent finds you a property you would like to purchase, a commission fee of 1% of the property price is payable by you to the agent.

You may purchase pre-sale units, meaning that you purchase off a plan from a developer.  You are protected by the Consent Scheme, whereby a guarantee is obtained from the developer's bankers and solicitors before the flats are offered for sale.  When a Memorandum for Sale is signed, a deposit is paid by the purchaser.  An Agreement for Sale and Purchase is then signed by both parties, and once the Occupation Permit is issued, the purchaser receives the property.  Payment for pre-sale may be made by one of following methods:

  • Cash Payment - the balance is paid up upon signing of the Agreement for Sale and Purchase
  • Progress Payment Term - installment payments before completion of the apartment
  • Mortgage Payment Term



Last Updated: 4 March, 2004

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