Role of estate agents in handling the tenancy of subdivided units


As you may know, the tenancy control regime for subdivided units (“SDU”) under Part IVA of the Landlord and Tenant (Consolidation) Ordinance (“Ordinance”) has come into effect on 22 January 2022. Not only tenants and landlords should be aware of their rights and obligations under this Ordinance, estate agents handling such tenancies also have an important role to play.

A time to review and plan ahead


In the Year of the Rabbit, may I wish you all good health and good prosperity. At this moment of celebration and the start of a new year, let us review our work in the past year and look forward to the future. Here, I would like to share with you some of our 2022 figures.

Choose a Professional Estate Agent


Talking about property transactions, I believe most of you will appoint an estate agent to handle all related matters. In this regard, what is the role of an estate agent and how to find a professional estate agent?

Retrospect and Prospects of Hong Kong Property Market


This year marks the 25th anniversary of the enactment of the Estate Agents Ordinance and the establishment of the Estate Agents Authority (“EAA”). At this silver jubilee anniversary, the EAA organised a public seminar titled “Retrospect and Prospects of Hong Kong Property Market” on 30 July 2022 as the first celebration activity for this special occasion.

To buy or not to buy off-plan properties outside Hong Kong, assess the risks before you buy!


Purchasing properties situated outside Hong Kong is complicated, especially when purchasing uncompleted ones (“UPOH”) where the risk involved is even higher. Consumers should be extra vigilant and study all relevant information before making a purchase decision, and they should not blindly rely on property advertisements or online information. Before making a purchase decision, consumers should carry out risk assessment, in order to protect their own interests.

Green achievement of the estate agency trade


Some people might think that estate agents are only concerned about earning a fortune, when in fact many trade members care about society and contribute to the community. In this regard, the Estate Agents Authority (“EAA”) actively facilitates and encourages estate agents to participate in Corporate Social Responsibility (“CSR”) activities in recent years.

Think twice before purchasing non-local properties


In the past five years, the Estate Agents Authority (“EAA”) has opened 119 complaint cases related to non-local properties. As there is an increasing number of Hong Kong investors purchasing non-local properties for different purposes, the EAA will keep on reminding consumers of the risks involved.

Communicating with estate agents in the digital world


Nowadays, the internet and mobile devices have become a necessity in our daily life. Due to the impact of COVID-19, even more businesses are conducted through digital means.

Mortgage applications could be affected by different factors


Property transactions involve large amounts of money and most purchasers will need to apply for a mortgage loan. Whether the application is successful or not and the terms of the approved mortgage will be very important to purchasers.

Read thoroughly the key information in respect of first-hand residential properties


Recently, a developer announced that two blocks of its first-hand residential development had to be torn down and rebuilt due to concrete defects, causing delay in possession of the properties by the buyers. Although this is only an individual incident and will probably not affect consumers’ confidence in new property developments in Hong Kong, it demonstrates the importance of property completion date as any delay in possession of the properties will inevitably affect some purchasers’ financial plans. Hence, I would like to remind prospective property buyers of first-hand residential properties that they should study all key information carefully before making any purchase decisions.