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