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As he or she is committed to the sale, the buyer should now consider taking out insurance. Non-permanent residents also have to pay an extra 15% as Buyer Stamp Duty (BSD). Number 1 on Google for Expat Jobs – find your next position here!. For sale by Owners, Developers, International Agents. If you’re an expat relocating to Yau Tsim Mong, the state of housing can be a daunting prospect. [RANDTEXT|070]  

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For second homes, stamp duty is at least double that. Our guides provide guidance on the issues you will need to address as you plan your move. Special Stamp Duty (SSD) on Residential Property Sales. This now replaces the provisional contract, adding detail. So what’s the cause? Being a large, heavily populated city on a small island with limited space, it’s a case of supply and demand at work. The lights aren’t on, no one’s actually living there – but the offshore owners probably aren’t interested in renting their holiday home or business flat. Because developers bid on leases and pay a “land premium” fee that reflects the expected value of the site at the time, setting a higher price after development helps reap a bigger profit.

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Our guides provide guidance on the issues you will need to address as you plan your move. Strolling down Yau Tsim Mong at night, you might wonder why everyone’s talking about a housing shortage. It leases it to a number of developers for commercial building or housing, usually on a 50 to 90 year lease. Renting Guide. Yau Tsim Mong Apartment Buildings. It’s just that the demand (or, expectations) is simply too high. [RANDTEXT|070]  

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Yau Tsim Mong Property for Sale. Price Reduced. It’s not likely to change soon. It leases it to a number of developers for commercial building or housing, usually on a 50 to 90 year lease. It is a legally binding contract but there can be various escape clauses drawn into it. Transaction Costs. Starter Flats. Directory. Contact Us. Directory. Sign up to our free monthly newsletters – all the important expat issues: Jobs, Tax, Insurance, Money, News and Property. Yau Tsim Mong Streets. in Yau Tsim Mong, the government owns all the city’s land. Editor's Choices. Yau Tsim Mong Property for Rent. Starter Flats. When a formal agreement is signed, he pays another 5%, and the rest of the balance is paid at closing, which can take six to eight weeks later..

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Yau Tsim Mong Property for Rent. There are various penalties, including not only lost deposits but also compensation, should either side pull out now. Each side appoints solicitors, who negotiate their way to a draft formal agreement of sale. Serviced Apartments. Why it's hard to find a house in Yau Tsim Mong | Links Moving blog. Although you can purchase privately, most buyers use an estate agent. Strolling down Yau Tsim Mong at night, you might wonder why everyone’s talking about a housing shortage.

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Real Estate Agencies, Law Firms, Accountants, Portals. You’re bound to see hundreds of darkened windows in the city’s tall apartment buildings. For residents who don’t own another property in Yau Tsim Mong it is set at HK$100 for a home up to HK$2 million and then in bands of around (it gets a little complicated) 1.5% up to HK$3m, 2.25% up to HK$4m, 3% up to HK$6m, 3.75% up to HK$20m and 4.25% beyond that. For residents who don’t own another property in Yau Tsim Mong it is set at HK$100 for a home up to HK$2 million and then in bands of around (it gets a little complicated) 1.5% up to HK$3m, 2.25% up to HK$4m, 3% up to HK$6m, 3.75% up to HK$20m and 4.25% beyond that. Why it's hard to find a house in Yau Tsim Mong | Links Moving blog.