Category: Hong Kong (China)

Top Property Management Companies in Hong Kong: A Complete Guide

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Do you plan to buy property in Hong Kong S.A.R.?
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Hong Kong has some of the hottest real estate markets in the world, foreigners and mainland Chinese investors continue to push prices and property taxes to new sky-high levels.

Commercial property is high in demand, especially in the central business district where rents are among the highest in the world.

If you rent or plan to buy property in Hong Kong, you also need someone to maintain it for you. In this article, I present some of the biggest and most popular property management companies in Hong Kong.

1. Parkland Property Management

Parkland Property Management was founded in 1977 and has been a joint venture of Ryoden Development Limited and TL Property Consultants International Limited since 2011.

Ryoden Development Limited started out as early as 1983, acting as a property development company. TL Property Consultants International Limited, on the other hand, is a property consultancy from Shanghai.

The current executive director, Tony Ka-tung Leung, holds a Ph.D degree in business administration and has over 35 years of experience in real estate and in the hotel industry.

He previously worked at the Buildings & Lands Department and served several prominent property developers. The management team currently has 11 members.

The company won the award of “environmental management” in 2007 and their clients include companies like Pokfulam Terrace, and many more.

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Hong Kong Property Loans for Foreigners: A Complete Guide

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Do you plan to buy property in Hong Kong S.A.R.?
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Buying property in Hong Kong is straightforward and it’s not as common to come across non-serious real estate agents, in comparison with developing countries like Cambodia.

Still, prices are among the highest in the world, a reason why many Hong Kongers now decide to invest overseas, in countries like Vietnam instead.

If you buy property in Hong Kong, you’ll probably want to know what loan options you have. Therefore I’ve contacted a number of Hong Kong banks and written this guide. Let’s have a look.

How can I get a property loan as a foreigner in Hong Kong?

I was surprised when talking with different banks in Hong Kong and realized how open they are to foreign borrowers. The process to apply for loans is very similar between locals, PR holders and non-resident foreigners. This is something we’ve seen in Singapore as well.

The key aspect that determines how much you’ll be able to obtain is mainly depending on your source of income. The banks don’t take your nationality into consideration, which is good, it’s all about your source of income.

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Top Conveyancing Lawyers in Hong Kong: A Complete Guide

Posted on by Marcus Sohlberg — 2 Comments

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Do you plan to buy property in Hong Kong S.A.R.?
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Hong Kong’s real estate industry has been a melting pot the past years, even if the government has introduced a number of cooling measures, prices have increased insanely and property has become some of the most expensive in the world. It’s not strange why some Hong Kongers seek financing to invest overseas.

Some people still prefer to buy property in Hong Kong, there’s a reason why this crown jewel attracts investors from all over the world. Low taxes, warm breezes, a business climate that makes your adrenaline flow.

If you decide to buy property in Hong Kong, it’s highly recommended to hire a Conveyancing lawyer, that can help you with communication, to transfer the title and more. Therefore, I’ve written this article where I present some of the top Conveyancing lawyers in Hong Kong.

Introductory remark

a. There are hundreds of firms operating in Hong Kong so I’ve decided to write about both multinational firms and smaller local firms, as these serve different types of clients. If you’re dealing with bigger transactions and involved in commercial property, then perhaps Baker McKenzie is the right firm for you. If you’re an individual investor who want to buy residential real estate, then you should probably look elsewhere.

b. The Conveyancing lawyers are listed in a random order.

1. Hastings & Co.

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Getting an Overseas Property Loan in Hong Kong: A Complete Guide

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Do you plan to buy property in Hong Kong S.A.R.?
Click here to get in touch with an experienced agent

If you’re a Hong Kong citizen or a permanent resident foreigner, you can sometimes apply for a so called overseas mortgage.

The mortgages are designed to let you finance a property outside of Hong Kong, often you have the first contact with a bank in Hong Kong and you later transfer to a branch in the country where you intend to buy. They sometimes even help you to fill out the application, before the transfer is made.

Which banks offer overseas property loans in Hong Kong?

It’s not easy to find summarized about the banks that offer overseas mortgages (at least in comparison to Singapore), how much you can borrow and what conditions that apply. Therefore, I decided to do some research on my own and to write this article.

I’ve personally been in contact with a number of banks and with branches in Hong Kong (and the UK) to understand what overseas mortgages they offer. Let’s have a look.

1. BOC (Bank of China)

Bank of China, sometimes referred to as BOC, is one of the top four commercial banks in China. It opened its first Hong Kong branch in 1917 and has become one of the major players.

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Top Real Estate Agencies in Hong Kong: The Ultimate Guide

Posted on by Marcus Sohlberg — 2 Comments

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Do you plan to buy property in Hong Kong S.A.R.?
Click here to get in touch with an experienced agent

Hong Kong is the crown jewel of Asia and one of the top three financial cities in the world, after New York and London. The legal system is transparent and buying real estate is straight forward, even if you can only get hold of leasehold property.

Even if there are many estate agents in Hong Kong, it can be a daunting task to find one, as many market themselves in Cantonese. Yet, you’ll be able to find a number of international agencies that are used to cater to foreign buyers.

In this article, I’ve listed some of the most popular real estate agents in Hong Kong. Let’s have a look.

1. Engel Völkers

Engel Völkers was founded in Hamburg in 1977 and is one of the biggest franchised real estate networks in the world. The company currently employs over 10,000 people in 800 different locations. Chris Liem is the Principal and Owner of Engel Völkers Hong Kong and he previously worked at Lehman Brothers. Over the years, he’s managed to grow the office to around 20 persons.

The company has won a number of awards and reached major achievements, including:

  • “Best of the Best” Mid-levels Real Estate Agency by Squarefoot in 2012
  • Named Best Real Estate Agency in Central and Sheung Wan by GoHome for 2011
  • Engel & Völkers Hong Kong is the home of the 8th Top Agent in the Engel & Völkers global network for rental transactions

Property types

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Top 10 Property Developers in Hong Kong: The Definitive Guide

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Do you plan to buy property in Hong Kong S.A.R.?
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Hong Kong has one of the hottest real estate markets in the world and plenty of local and overseas property developers.

Interestingly, many of these companies have founders and CEOs that are some of the wealthiest in Asia, or even in the whole world.

Some focus on building commercial property, like hotels and shopping malls, while others build big apartment complexes and condominiums.

In this article, I’ve listed some of the biggest property developers in Hong Kong. You’ll learn when the companies established, who their founders are, what kind of property they build, and more.

1. Sun Hung Kai Properties

Founded by Kwok Tak Seng in 1863, Sun Hung Kai Properties Ltd. is one of the top 5 real estate developers in the world and the largest developer in Asia. It’s also the fastest growing developer.

They’ve completed hundreds of residential and commercial projects, including many skyscrapers. One of their most prominent projects is the International Commerce Centre (ICC), the tallest building in Hong Kong with 484 meters.

More than 37,000 people work at Sun Hung Kai at the moment.

Property types

Include everything from skyscrapers, condominiums, housing projects, townships, hotels, shopping malls, resorts and government buildings. You have a wide range of options to invest in, with both residential and commercial properties.

Current projects

Some of their most popular residential projects are:

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Buying Property on Lantau Island: By Kelly Merrick

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Lantau Island is one of the most overlooked places in Hong Kong. If you discuss Hong Kong property with any person, you’ll most often end up talking about the difficulties people have to buy a decent home, even in places like New Territories.

Well, you have other options too.

Lantau Island has more than 100,000 inhabitants and offer properties with great sceneries over the mountains and the ocean. You’ll also be able to take long walks on astonishing white beaches.

In this interview, Kelly Merrick from HomeSolutions explains the basics you need to know when buying a property on Lantau Island.

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