•Since property transactions usually involve large sums of money and buyers bear the cost of stamp duty, they are advised to carefully research what category they fall under and not just rely on property agents
◾There are a number of requirements that estate agency companies need to comply with when issuing property advertisements
◾The Estate Agents Authority issued a circular last December that spells out new requirements.
I would like to share a case concerning a property advertisement with misleading or wrong information.
Purchasing a property to many people is a lifetime investment requiring substantial amount of savings. Most buyers will need to apply for a mortgage loan to finance their purchase. A well-planned budget and obtaining accurate information about a mortgage loan before committing the property purchase are therefore very important steps to take for the prospective purchasers.
Stepping into autumn, a number of new residential properties in Hong Kong have been launched for sale by different property developers.
The Estate Agents Authority will no longer tolerate bad behaviour as it looks to stiffen penalties on salesmen and their employers, including revoking their trade licence