General info & Stamp Duty

Renting property in Hong Kong is a fairly simple and often fast process.

The step-by-step process

Estate Agents typically act as dual agents, representing both the tenant and the landlord (both parties pay a share of the agent commission). Typically, you will be expected to pay two month’s rent as deposit (this is held by the landlord) and one month rent in advance. Stamp duty is minimal Government fee payable on signing; the cost is shared between tenant and the landlord.

If you need to travel overseas during the agreement process, we can oversee the transaction on your behalf.

Typically, purchasing follows this order:

  1. View the property.
  2. Make an offer.
  3. Provisional tenancy agreement is signed; payment equal to one month’s rent is made as a deposit.
  4. Formal tenancy agreement is signed; further payment equal to one month’s rent is made to complete deposit and one month’s rent is paid in advance.
    1. 50% of the stamp duty is payable at this time.
    2. Keys are exchanged and inspection report is made, with estate agent.
  5. Within one month, stamped rental agreement is received.

For more information, visit the Estate Agents Authority website.

Stamp Duty Table for Tenancy Agreements                      

Lease Term Percentage due
Up to 1 year 0.25% x total rent
1-3 years 0.5% x yearly or average yearly rent
3 years or longer 1% x yearly or average yearly rent

Latest News

06
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Hurry to secure one of the last 1 bedroom flats at Riverwalk in Mui Wo! Easy access to the ferry pier and shops! Brand new apartments!

09
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Call US! 3483-5003 OFFICE or email property@homesolutions.hk

05
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Only 7 left! Lease one of the beautiful Michelia Villas. 1500+ sq feet. Each unit is well appointed with private garden and car park.

02
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The new Riverwalk development in Mui Wo has just been released for rental. 50 beautiful apartments ranging from 204 sqft to 882 sqft in size. Unit types: Studio, 1 Bed, 2 Bed and Duplex Loft. 100M Home broadband available. Kitchens equiped with Hob, Microwave oven, washer dryer. Prices from $8.8K to $23.8K all inclusive apart from utilities Call Sharon 9664 4749 or Misako 9757 0927 NOW for an appointment.

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WhiteSands Home Sold for $66.6m or $25.754 per square foot. This Luxury Development in South Lantau offers amazing sea & mountain views, large gardens, private car park, and swimming pools in lovely gated community! It has 24- hour security, is a short walk to the beach and is close to Mui Wo and Tung Chung.

09
Oct

We are delighted to be representing this prestigious new development in South Lantau. If you would like to join us for an exclusive viewing of this wonderful property on 16th October from 10am-11.30am please contact us now on 3483 5003 to register and reserve your spot. No Agency Fees!

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Modern Detached Two-Storey Houses on South Lantau Swire Properties today unveiled its latest residential development, WHITESANDS, comprising 28 modern detached houses opposite Cheung Sha Beach on South Lantau, with saleable areas ranging from 1,954 to 2,598 sq ft .

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Sino Land House No12 sold for $178 million this month. The house has 5,573 square feet. It comes with four bedrooms, a 6,393 sq ft garden, a private pool, a 2,297 sq ft roof top, 224 sq ft and 54 sq ft balconies and a 248 sq ft car parking space. Industry experts estimated the large house could be worth HK$200 million.

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Never seen before on Lantau Island ... At 3 Cheung Fu Street, near Upper Cheung Sha Beach, House no.19, Botanica Bay (3,860 sq ft) in South Lantau was sold a few days ago for HK$109 million, HK$28,320 per sq ft. Both selling price and price per square foot hit the record high of property market in the Island District.

30
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http://thehkhub.com/im-moving-here/area-guides/south-lantau-area-guide/

15
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Specialty grocery items (e.g. gluten-free, vegan, organic, etc.) don't have to destroy your budget. Shop iHerb.com. You can even save US$10 off your first order of US$40 or more; or US$5 off orders less than US$40! just by using Rewards Code FFK356. Orders over US$60 save an additional 5%. They delivery right to your door (South Lantau too) in 3 to 5 days after you order!

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