| A part of the Guangdong province as well as | | | | Hong Kong's property buying processes are |
| the Special Administrative Region of China - | | | | administered by the Conveyancing and |
| Hong Kong is one of the most vibrant and | | | | Ordinance, which is modeled in the form of |
| intriguing destinations in the world. Hong | | | | English Law. In other words, the real estate |
| Kong is also among the world' most busiest | | | | law of this Special Administrative Region is |
| and fast-paced cities. | | | | quite similar to the one found in the UK, |
| | | | which in turn has attracted many American and |
| Hence, no wonder why real estate in Hong Kong | | | | British real estate investors. |
| is so much sought after. Real estate in Hong | | | | |
| Kong is regarded as one of the costliest as | | | | One of the unique things regarding the Hong |
| well as the lucrative in the world. In other | | | | Kong Property Law is that all of the land |
| words, buildings and land in Hong Kong form a | | | | found here belongs to government, ie, each of |
| significant portion of the nation's wealth | | | | the real estate in Hong Kong is held under |
| and economy. Further, due to its attractive | | | | leasehold title. Hence, those who are |
| tax system, many international business firms | | | | interested in property investment buy an |
| and corporations find their way to Hong Kong | | | | agreement or a lease for a period ranging |
| for the establishment of their innovative | | | | from 50 to 999 years. |
| projects. This in turn has led to great | | | | |
| demand for high grade industrial and | | | | A real estate or property in Hong Kong can be |
| residential real estate in the city. | | | | either solely owned by one person or through |
| | | | jointly by several investors. However, joint |
| According to certain records, the cost of | | | | investment may be usually in the form of |
| residential real estate in the city has gone | | | | tenant or a joint tenancy. Further, a |
| up to US$ 585 per sq ft. The price is even | | | | property can also be owned through a company |
| higher in such posh areas as the Peak - the | | | | structure. But, in case, if a company would |
| area between Victoria Peak and Mount Gough, | | | | like to conduct its business through the |
| covering spots such as Peak, Victoria Gap, | | | | purchase of a property on lease, then it |
| Mount Kellet, Jardine's Corner, Mount Gough, | | | | should be registered with the Hong Kong |
| and Plantation Road. | | | | Companies Registry. In addition, every type |
| | | | of lease should be listed at the Hong Kong' |
| Nowadays, great choices as well as potential | | | | Land Registry. |
| are made available for those who are | | | | |
| interested in real estate investment in Hong | | | | Nowadays, a large number of real estate firms |
| Kong. Additionally, real estate in Hong Kong | | | | and realtors are now there in order to help |
| provides great benefits to investors. The | | | | you find and buy your dream property in Hong |
| main advantage is that investing in a | | | | Kong, no matter it is single detached home, |
| property in the city allows you to have | | | | villa, apartment, office, or industrial |
| access to world's one of the established | | | | space. Many of them render the services of |
| markets. | | | | professional lawyers to help you in |
| | | | effectively carrying out buying procedures, |
| Another worth mentioning benefit of investing | | | | such as agreement process, listing on the |
| in a real estate here is that not any kind of | | | | Hong Kong Land Registry or Hong Kong |
| restrictions have been imposed on | | | | Companies Registry, tax matters, and |
| international investors to buy a property or | | | | negotiation of purchase. |
| asset. Further, buying a real estate in Hong | | | | |
| Kong is considered one of the best options | | | | In addition, there are also real estate firms |
| for long term investment, as it can | | | | providing steps to arrange mortgages for the |
| undoubtedly fetch you huge profits. | | | | purchase of property. But, prior to |
| | | | approaching a service provider, it is |
| Above all, the laws and procedures involved | | | | important to undertake an investigation with |
| in the process of real estate buying are | | | | regard to their reputation and the quality of |
| liberal as well as simple. Once you have | | | | service rendered. Some firms may charge huge |
| found an appropriate property, an Agreement | | | | fee. Hence, it must be checked for. Apart |
| of Sale and Purchase would be signed between | | | | from other sources such as yellow pages, |
| the property owner and investor, and this | | | | magazines, and newspapers, the internet also |
| completes the sale procedure. | | | | serves as an excellent source to find the |
| | | | most competent service provider in Hong Kong. |