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Thinking about getting started with investing in Hong Kong Real Estate? Here are some of the tips that may help you get started. Also, check Taylor Brunswick Group fro more information! https://www.trustpilot.com/review/taylorbrunswickgroup.com
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Investing in Hong Kong Real Estate
Are you interested in purchasing Hong Kong real
estate? Now may be the perfect time to do so,
considering the residential property price index in
Hong Kong dropped by just over seven per cent at the
end of the first quarter in 2016. Space is a luxury in
the city, so if you can find a spacious apartment for
should be considering, as investors are veering
towards commercial options. This is largely driven by
the fact that a lot of Chinese corporations are looking
to elevate their brand globally, and Hong Kong is a
popular destination for them to do so, especially as the
economy is slowing in China and thus Hong Kong offers
Hong Kong property investment tips to help you get
1. Learn about ownership rights:
The first thing you need to do is get to grips with
ownership rights in Hong Kong. The state ownsall land
in the city, with the only exception being the grounds
of the Anglican Cathedral. The Hong Kong government
The process of acquiring real estate can often be
complex, which is why hiring a real estate investment
advisor, such as Taylor Brunswick Group, comes
highly recommended. They will be able to oversee the
entire process, from the provisional agreement to the
It is important that you finance the purchase of the
property in a manner that is best suited to your
situation. The vast majority of investors acquire a
selling real estate
Factor in the transaction costs of buying and
One of the biggest mistakes you can make is
underestimating the costs associated with property
investment in Hong Kong. Don’t overlook transaction
expenses, such as stamp duty, which is currently
charged at a maximum rate of 4.25 per cent in Hong
Kong if the property’s market value or purchase price
is more than HK$ 21,739,120. You also have legal fees
Next, determine what taxes you are going to be subject too.
Property tax and profits tax need to be looked into. There is no
withholding tax or capital gains tax in Hong Kong, and estate duty
was abolished roughly ten years ago.
6. Buy insurance
Consider insurance options that are going to protect your
investment, such as buildings insurance, which offers a payout in
the event that the property is damaged by the likes of a fire or a
Apply for a mortgage early to avoid disappointment, and make
sure you have the right documentation before applying. Expats, in
particular, require a considerable amount of documentation.
8. Assess theletting market
What is demand like for the area you are considering? What
types of properties are people after? Will the property require a
lot of adjustment before it is ready for people to rent?
Determine the rental yields for the area you are thinking about. In
general, an average of three per cent gross rental yield can be
expected in Hong Kong.
Make sure you adhere to all legislation that is in place, including
everything from Landlord and Tenant Ordinance to Buildings
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Taylor Brunswick Group