Property Sales

There are no restrictions on when and to whom a property owner can sell their property. As expected, sellers utilizing the services of a real estate agent should have better exposure and faster selling times than those who choose to sell "by owner".

The overall fees in a sale/purchase transaction payable by a seller are roughly 30% less than the buyer's; however, a 20% capital gains tax may be levied on the seller’s profit if you are deemed a property speculator. There are no restrictions to anyone, regardless of being a foreign investor or a Hong Kong citizen, on selling a property in Hong Kong.

Using the same example from our buying section of HKD$7,000,000, the following table illustrates the fees of the transaction charged to the seller. (All amounts are HKD):

Stamp Duty @ 3.75%	0 (a cost to the buyer)
Estate Agent Commission @ 1%	70,000
Legal Fees on Purchase & Mortgage	0 (a cost to the buyer)
Legal Fees on Sale	18,000
Search Fees (Land Registry)	100
Search Fees (Companies Registry)	500
Land Registration Fees	750
Filing Fees (for limited company)	0 (a cost to the buyer)
Total of:	89,350

Next: Pitfalls

All sub-headings: Hong Kong Zoning & Ownership Gross Floor Area Village Houses Mortgages, Credit & Loans Buying Property Stamp Duty Property Purchase Process Income & Outgoings Selling Property Pitfalls

ExpatFlats - Property Sales