Hong Kong watchdog extends purview to regulate licensed property agents selling incomplete overseas property

2019-08-28

  • Estate Agents Authority circular provides guidelines for licensed agents handling the sale of incomplete properties situated outside Hong Kong
  • Consumers are advised to do their homework when purchasing non-local properties

Be careful when renting a sublet property: if there’s no agreement in place you could end up evicted

2019-07-23

It is vitally important to check the principal tenancy agreement for any restriction against subletting, says Ruby Hon Yuen-ping, CEO of the Estate Agents Authority
Before deciding to rent a property, a prospective tenant should pay attention to whether it is being leased by the landlord or sublet by the principal tenant, as subletting may involve complicated issues and a subtenant’s rights might not be protected.

Understanding the risks of unauthorised building works before buying or renting property in Hong Kong

2019-05-28

As additions or alterations may affect the safety of a property and may render the title defective, agents should inform their clients of any such orders registered against the property and the risks involved

Pay close attention to stamp duty when buying property in Hong Kong

2019-04-09

•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

Regulations on Issuing Property Advertisements

2019-02-26

◾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.

Homebuyers should find out how much the bank will loan before signing a purchasing agreement

2018-12-18

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.

Hong Kong property agents mustn’t mislead buyers or face disciplinary action by watchdog

2018-11-06

Stepping into autumn, a number of new residential properties in Hong Kong have been launched for sale by different property developers.

Property agents’ watchdog vows harsher penalties on errant brokers as it aims for orderly sales environment

2018-09-25

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