News Hong Kong Property & Finance

Fees etc on purchase....

ORIGINAL POST
Posted by dimac4 19 yrs ago
Ok I know I have to pay stamp duty on buying a property - but is there also mortgage registration etc etc - please could someone tell me the fees I will be up for to buy in HK - other than real estate agents fees, solicitors and stamp duty.

Thx

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COMMENTS
chefcrsh 19 yrs ago
That’s all I paid...usually the stamp duty and solicitors fee will include the mortgage registration. You may also need building insurance to cover the mortgage unless it is covered under a building master policy. You may need to pay the balance of government rates/rent, Utility's and management fees as well as pay the owner an addition to transfer the management deposits. The of course there is any decoration costs moving fees and the like.

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michelle_a_bella 19 yrs ago
are the fees a percentage of the property value or is it the same fees for all properties?

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clam 19 yrs ago
Agent fees are at 1% (but this can be negotiated). Legal fees are per transaction (so is different firm by firm). Stamp duty is fixed in steps or bands, based on value of property.

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