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A Beginner's Guide to Negative Equity and "Call Loan"

March 26, 2025

Code of Practice for Fire Safety in Buildings - Everything you Need to Know

March 26, 2025

Joint Tenancy v.s. Tenancy in Common

March 26, 2025

A Complete Guide to Buying a Pre-sale Property in Hong Kong

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Property Developers' Series - Sino Group

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All articles related to "Hong Kong Property"

The Basics of Formal Agreement for Sale and Purchase

During a property transaction, both the buyer and seller sign various documents, including the Formal Agreement For Sale and Purchase as well as the Provisional one, the Assignment and Mortgage Deed. All these agreements have legal validity. One might wonder why it is necessary to sign the Formal Agreement if the Provisional one already holds legal effect. What are the … Continue reading "The Basics of Formal Agreement for Sale and Purchase"

March 25, 2025

A Complete Guide to Mortgage Stress Test

Taking out a mortgage from a bank requires a stress test. For new buyers who have no concept of what a stress test is, look no further than this comprehensive guide. In this article, Spacious covers a wide range of topics including when to do a stress test ; how to calculate stress test ; mortgage difference between buying a … Continue reading "The Basics of Formal Agreement for Sale and Purchase"

February 29, 2024

A Simplified Guide to Hong Kong's Stamp Duty 2024

Buying a new home is exciting! Yet in Hong Kong, it’s better getting familiar with all the costs associated with the sale and purchase of a property. Apart from the flat price itself, other expenses, such as stamp duty, should not be overlooked. What are the common types of stamp duty in place in the local property market? How are they … Continue reading "The Basics of Formal Agreement for Sale and Purchase"

February 29, 2024

A Beginner's Guide to Refinancing

Refinancing means to reapply for a mortgage with the same lending bank for a property that has already been mortgaged, in order to cash out more funds. Keep on reading if you are a homeowner hoping to increase your liquid assets but are not familiar with refinancing. In this Spacious’ article, you will also learn the difference between refinancing and … Continue reading "The Basics of Formal Agreement for Sale and Purchase"

February 28, 2024

A Complete Guide to Stamp Duty Rates on Renting in Hong Kong

After the landlord and tenant enter into a lease agreement, they are required to pay the stamp duty rates for the lease, which involves affixing a stamp on the document. How is the stamp duty calculated? Any penalties for late payment? And what other important considerations? Let’s take a closer look at these matters in this Spacious’ article. Jump to: … Continue reading "The Basics of Formal Agreement for Sale and Purchase"

June 12, 2023

A Complete Guide to Becoming an Estate Agent in Hong Kong

Does becoming a real estate agent lead to prosperity? Yes, real estate is a labor-intensive industry where your monthly earnings depend on your determination and hard work. Everyone starts from an equal footing, and the first step is to obtain a real estate license. Want to know how to transition into real estate? What preparations should you make before entering … Continue reading "The Basics of Formal Agreement for Sale and Purchase"

June 5, 2023

An Overview of Latest Mortgage Rates and Cash Back in Hong Kong

There are many mortgage plans offered by banks in the market. To choose the best plan, the two main factors to compare are the mortgage rate and cash back offer. Some banks may use a lower mortgage rate, but their cash back is less than others, which may actually be less favourable than higher-interest mortgages. Spacious has compiled the latest … Continue reading "The Basics of Formal Agreement for Sale and Purchase"

May 4, 2023

A Complete Guide to Home Insurance

Home insurance provides financial protection against damage to a property and belongings. Whether you are an owner or a tenant, you can take out home insurance according to your needs. However, don’t assume that the fire insurance coverage from your residential building provides the same protection as home insurance. In fact, even for home insurance, there are two main types, … Continue reading "The Basics of Formal Agreement for Sale and Purchase"

April 26, 2023

Five Steps of Possession of Property via Bailiff Services

Being a landlord is never easy. Chances are that you may run into tenancy disputes such as overdue rents or unauthorised subletting. If problems persist or worsen, a bailiff may help with recovering the possession of your property. A bailiff is an officer responsible for executing court orders. Landlords need to file a case to the court and obtain a … Continue reading "The Basics of Formal Agreement for Sale and Purchase"

April 24, 2023

A Complete Guide to Subletting

Renting in Hong Kong is expensive. If you want to have some private space, one possible way is to look for roommates to share the rent. Shared renting is common among young professionals. They often choose the tenement buildings across Hong Kong Island and Kowloon. In recent years, the trend also spread to large-scale estates in the New Territories. These … Continue reading "The Basics of Formal Agreement for Sale and Purchase"

April 20, 2023

The Basics of Occupation Permit

The developer must obtain two documents before notifying owners to move in. They are the Occupancy Permit (OP) and the Certificate of Compliance (CC). Does the estimated material date listed in the new building’s sales brochure refer to the date of occupancy? In fact, the actual move-in date is often later than the estimated material date. Jump to: OP v.s. … Continue reading "The Basics of Formal Agreement for Sale and Purchase"

April 20, 2023

A Complete Guide to Plot Ratio

Plot ratio is a specialized term used in urban planning, and you may have heard it occasionally in the real estate industry. It is an important indicator of urban development, but do you know about the definition? Plot ratio is linked to many land planning issues, so it is a topic worth exploring. In this article, Spacious digs deeper into … Continue reading "The Basics of Formal Agreement for Sale and Purchase"

April 19, 2023

Deed Of Mutual Covenant - Everything You Need to Know

If you think that you can do whatever you want inside your property, think again. The rights, responsibilities, and obligations of the owners are all governed by the building’s Deed of Mutual Covenant (DMC). The DMC can be over one hundred pages long, and you may have already spent a lot of time studying the sales brochure before purchasing the … Continue reading "The Basics of Formal Agreement for Sale and Purchase"

April 18, 2023

How to Buy off-the-plan via Lot Drawing Scheme

Have you heard about lot drawing when buying off-the-plan properties in Hong Kong? Most standard units from new projects are sold through this scheme, while more luxurious units are usually sold by tender, due to limited supply and a smaller audience. Other ways of selling new units include internal subscription and off-market tendering. Oversubscription of new units are commonly seen … Continue reading "The Basics of Formal Agreement for Sale and Purchase"

April 18, 2023

Property Developers' Series - Wheelock Properties

Since 2010, Wheelock Properties has been actively acquiring land in Kowloon East and its surrounding areas. In the Tseung Kwan O district alone, the developer has already acquired over ten plots of land, launching new residential projects including The Parkside (2015), Savannah (2017), Capri (2017), Monterey (2018), Malibu (2020), Montara (2021), Grand Montara (2021), Marini (2021), Ocean Marini (2022), and … Continue reading "The Basics of Formal Agreement for Sale and Purchase"

April 14, 2023

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