Homepage ×
Properties for sale Apartments for rent New Development Serviced Apartments Overseas Properties
Offices for sale Offices for rent Coworking Space Serviced Office
Mortgage Calculator
Build Your Business
Spacious
1,000+ Reviews
Install

Table of Contents

Toggle table of contents dropdown
Search Icon
Search Icon
Loading indicator

No results found

Property Sellers: Frequently Asked Questions

Blog | January 16, 2023


1. What are the legal requirements for selling property in Hong Kong?

Property agents in Hong Kong must comply with the Estate Agents Ordinance and other relevant laws and regulations, including the Sales of First-hand Residential Properties Authority.

They must also register with the Estate Agents Authority and obtain a valid real estate agent’s license.



2. What are the steps involved in selling a property in Hong Kong?

The process of selling a property in Hong Kong typically involves the following steps:

(i) Property Valuation
(ii) Marketing of the property
(iii) Negotiating the sale
(iv) Signing the sale and purchase agreement
(v) Completing the transaction

It is advisable to seek help from a licensed real estate agent or conveyancing solicitor for guidance through the process.



3. How do I determine the price of my property?

The price of a property is determined by market conditions, location, and the property’s condition. A property agent can provide you with a property valuation report and a market analysis to help you determine the price.



4. How do I market my property?

You can market your property through a variety of channels, such as online platforms, print media, or a real estate agent. A real estate agent can provide professional marketing services and help you reach potential buyers.



5. What happens after I have found a buyer for my property?

After you have found a buyer for your property, you will need to sign a sale and purchase agreement with the buyer. The agreement will include details such as the purchase price, the terms and conditions of the sale, and the completion date.



6. What are the costs involved in selling a property?

The costs involved in selling a property include legal fees, estate agent’s commission, and other expenses such as land search and land registry fees.



7. What are the tax implications of selling a property in Hong Kong?

Property sellers in Hong Kong may be liable for stamp duty, a tax on the property transfer. The rate of stamp duty is determined by the value of the property and the nature of the transaction. It is advisable to consult a tax advisor for more information on the tax implications of selling a property in Hong Kong.



8. Can I sell my property without an agent?

Yes, you can post your property directly on Spacious as a landlord and sell directly, avoiding agent fees. You will need to manage the buyer viewings, documentation and negotiation yourself.


Find or sell properties on Spacious


WhatsAppFacebookWeChatGmailCopy LinkShare

Extend Reading

Subscribe for the latest property advice

Stay updated on the latest developments and tips in the property market to make more informed decisions

Please provide a correct email address

Recommended Articles

Blog | April 26, 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, […]

Blog | January 16, 2023

Property Valuation - 6 Ways to Avoid Under Estimation

The loan amount approved by a bank is based on the bank’s valuation of the property, not the purchase price of the property by the owner. If the bank evaluates the property value to be lower than the purchase price, the valuation will be underestimated and the loan amount will be lower than expected. The owner may have to raise […]

Blog | April 20, 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 […]