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What requirements do mainlanders need to buy a house in Hong Kong?
Purchasing any commercial housing in Hong Kong, whether new or second-hand, generally requires three stages, which take about one and a half months (under normal circumstances), including:
( 1) Select a real estate agent and inform the relevant requirements. After the real estate agent helps you select properties that meet the requirements, you can make an appointment to come to Hong Kong to view the properties.
(2) After selecting the unit you want to purchase, sign a temporary sales contract with the seller through an agent, and you also need to pay a temporary deposit (usually 5% of the property price).
(3) Go to the designated law firm to sign the formal sales contract within five working days after signing the preliminary sales contract. At the same time, you need to pay a down payment, (depending on the developer's requirements), usually 10% to 15% of the property payment.
(4) Finally, pay the balance of the property price within the specified date after signing the formal sales and purchase contract.
(There are generally 60-day, 90-day, 180-day payment plans, etc. The shorter the payment time, the higher the discount will generally be)
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