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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

March 26, 2025

Property Developers' Series - Sino Group

March 26, 2025

All articles related to "Hong Kong Property"

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

Negative equity assets brought up painful memory in Hong Kong from the 1997 financial crisis to the 2003 SARS epidemic. Homeowners of negative equity were forced to repay heavy mortgage loans as lenders started to call in the loans (as known as Call Loan). It is important to know the definition, causes and consequences of negative equity . Spacious has … Continue reading "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

In recent years, open kitchens have become increasingly common in new developments. Are there any requirements of fire prevention for owners? What should be noted when renovating an open kitchen? To help you avoid legal pitfalls, Spacious has compiled some key points from the Code of Practice for Fire Safety in Buildings, as well as precautions for renovating an open … Continue reading "A Beginner’s Guide to Negative Equity and “Call Loan”"

March 26, 2025

Joint Tenancy v.s. Tenancy in Common

When couples purchase a property, they may consider whether to own the property in one’s own name or both. This article focuses on two types of co-ownership: tenancy in common and joint tenancy. It is important to understand the difference between the two terms. Otherwise, one may mistakenly believe that they have half of the property ownership, when in fact … Continue reading "A Beginner’s Guide to Negative Equity and “Call Loan”"

March 26, 2025

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

In recent years, there has been a rising trend of buying pre-sale properties. Eye-catching figures such as number of subscriptions, registration of intent and lots-drawing for flat selection priority hit the headline almost every day. These jargons can be a bit overwhelming for first-time homebuyers. What do they actually mean? What is the process for buying an off-plan property ? … Continue reading "A Beginner’s Guide to Negative Equity and “Call Loan”"

March 26, 2025

Property Developers' Series - Sino Group

Sino Group is a household name in Hong Kong’s real estate, along with four major real estate families in Hong Kong – Sun Hung Kai Properties, Henderson Land Development, New World Development and Cheung Kong Property Holdings. Originated from Singapore, Sino Group has been in Hong Kong for nearly half a century, building a real estate empire with over 250 … Continue reading "A Beginner’s Guide to Negative Equity and “Call Loan”"

March 26, 2025

An Overview of Loan-to-value Ratio for Mortgages in Hong Kong

The maximum loan-to-value ratio (LTV ratio) for mortgages provided by banks depends on the property value. The actual approved loan-to-value ratio varies based on stress testing, property valuation, the borrower’s financial condition and the property type. LTV ratios differ between first-time and non-first-time homebuyers, as well as for private properties, village houses and public housing. Spacious consolidated a summary to … Continue reading "A Beginner’s Guide to Negative Equity and “Call Loan”"

March 26, 2025

A Complete Guide to Reverse Mortgage

The reverse mortgage program has the merit of lifetime loan repayment exemption. What exactly is it about? Spacious has everything you need to know about reverse mortgage. Keep reading to find out the program’s eligibility requirements, loan-to-value ratio, loan tenure, annuity amount, disbursement and more. Jump to: What is Reverse Mortgage | Eligibility | Annuity Value | Interest Rates | … Continue reading "A Beginner’s Guide to Negative Equity and “Call Loan”"

March 25, 2025

Land Use in Hong Kong - Everything You Need to Know

Land use planning is an important part of Hong Kong’s development blueprint. In recent years, there have been numerous discussions surrounding this topic. With limited land and a dense population, careful planning is necessary to ensure optimal utilization of land, meeting the diverse development needs. It is important to understand the urban planning that shapes our lives. This includes understanding … Continue reading "A Beginner’s Guide to Negative Equity and “Call Loan”"

March 25, 2025

Property Developers' Series - Henderson Land

The retired chairman of Henderson Land, Lee Shau-kee, has been a prominent figure in the real estate industry for many years. His reputation is no less than that of another real estate tycoon, the chairman of Cheung Kong Property Holdings, Li Ka-shing. Lee has dedicated his life to the business world. Starting with only HK$ 1,000 when he came to … Continue reading "A Beginner’s Guide to Negative Equity and “Call Loan”"

March 25, 2025

A Complete Guide to TransUnion Credit Report

When a bank decides on a mortgage loan amount, they consider not only the applicant’s income, but also check their TransUnion credit report. The credit report tells a lot about the applicant’s financial health. In this article, Spacious will teach you how to read the credit report and improve your credit score. Jump to: What is a Credit Report? | … Continue reading "A Beginner’s Guide to Negative Equity and “Call Loan”"

March 25, 2025

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 "A Beginner’s Guide to Negative Equity and “Call Loan”"

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 "A Beginner’s Guide to Negative Equity and “Call Loan”"

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 "A Beginner’s Guide to Negative Equity and “Call Loan”"

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 "A Beginner’s Guide to Negative Equity and “Call Loan”"

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 "A Beginner’s Guide to Negative Equity and “Call Loan”"

June 12, 2023

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