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Tag: hong kong legal

Homeowners may face lawsuit over death of pregnant woman killed by tree

August 15 2014 - An Indian rubber tree came crashing down on a 37-year-old pregnant woman when she walked along Robinson Road yesterday. The accident occurred outside 'Palm Court', located at 55 Robinson Road, Mid-Levels. Her baby boy was delivered prematurely by cesarean section in Queen Mary Hospital after she passed away from her injuries. He r
By: OKAY.com

An Overview of Special Stamp Duty, Buyer's Stamp Duty and Ad Valorem Stamp Duty - OKAY.com

• Introduction          • Government Objectives         • Perception          • Summary          • Rates1. IntroductionThe Government of the Hong Kong SAR has recently introduced a number of amendments to the stamp duty regime in Hong Kong with the intention of cooling an over-heated property market.  Implementing legislation for Special Stamp Dut
By: Hilary Cordell

Conveyancing, Mortgages And Property Insurance In Hong Kong

1.  Conveyancing Procedures1.1 TitleIn order to establish title to a property, it is necessary to check all title documents affecting it.  There are many issues of varying materiality that are a common cause of questions and delays and which can affect a property’s liquidity. Title insurance is available in Hong Kong and provides protection agains
By: Hilary Cordell

A Guide to Hong Kong's Real Estate System and Property Tax

1. Land Holdings and Registration Systems1.1 Land holdingsAll land in Hong Kong is owned by the People’s Republic of China as State property and is managed by the Government of the Hong Kong Special Administrative Region (Government) under the Basic Law of Hong Kong.Land identified as suitable for private development is sold by the Government thro
By: Hilary Cordell

The Real Estate Developers Association to discuss "Pilot Scheme for Arbitration on Land Premium" at the end of July

17 July 2014 - Chief Executive CY Leung said in the 2014 Policy Address that the Hong Kong Government will introduce a "Pilot Scheme for Arbitration on Land Premium" to facilitate early agreement on land premium payable by way of arbitration, and the Development Bureau (DEVB) will set up a dedicated cross-disciplinary team to assist the Steering C
By: OKAY.com

Dishonest real estate agent lied to a first time buyer about a haunted home

3 July 2014 - Buyers in Hong Kong generally avoid buying "haunted homes" i.e. homes where previous tenants have died violently. Sky Post reported that a netizen recently complained about buying a haunted home in East Kowloon from a dishonest real estate agent and only learned from the bank that the apartment was haunted when applying for a mortgag
By: OKAY.com

Second reading of Double Stamp Duty Proposal to be held in July

24 June 2014 - On 22 February 2013, the Financial Secretary announced the Government would amend the Stamp Duty Ordinance by adjusting the ad valorem stamp duty rated (ie. Double Stamp Duty Proposal). The proposal attracted much criticism and is still under review as a result. The Hong Kong Economic Times reported that with over a year for deliber
By: OKAY.com