The tax you pay will be based on several different factors:
property type (residential / non-residential)
total purchase value
are you a permanent resident of Hong Kong? If so, do you own any other properties in Hong Kong?
are you purchasing the property under a company name? or as an individual?
Assuming:
you are buying as an individual
you are a permanent resident of Hong Kong and don't own any other properties
you are purchasing a residential property
Then your stamp duty payable will follow the following scale:
I'm not sure about others but we are planning to launch one over the next 2-3 months. It'll likely be the first to launch in HK. We are also aware of several projects happening in HK that are also moving towards doing an STO - but launch dates are still unclear.
0.5% up to and including the first $55,000
1% of the value which exceeds $55,000 up to and including $250,000
1.5% of the value between $250,000 and $400,000
2% of the value between $400,000 and $2,000,000
2.5% of the value over $2,000,000
Organize your finances and establish moving costs – legal fees, lender fees, and broker fees.
Organize a mortgage pre-approval if necessary and find out how much you can borrow.
Find a property through an agent or buyers agent.
Get it under offer once you or your buyer's agents agrees on a price with the seller.
Find a solicitor for conveyancing and due diligence.
Survey and mortgage offer (if necessary)
Exchange of Contracts and pay a deposit (usually 10%) and agree on the completion date.
Completion
It depends on what your investment objectives are and the budget you have available to buy. However, generally speaking, Prime Central London has the most demand and least supply, therefore logically Prime Central London is the “better” investment.
The council tax is calculated based on the assumed capital value of your property on a certain date. Once the value of your property is calculated than your specific apartment will fall within a certain band (between A-H) which is your payable amount per annum. Note that if your property is used as a rental investment then the council tax is payable by your tenant.
It depends on whether this is a first hand or second-hand stock – first hand being purchases straight from developers (usually less or no fee from this), this way usually no fees from the buyer. Second-hand stock (from other investors/individuals) then shall probably require some professional fee (to the agent) usually at 1% of the total consideration.
There are two projects that we recommend which are Park City and TRX Residences. TRX Residences we have exclusive rights for their units. Contact us for more information.
(1) The new Financial District of KL, a similar concept to Marina Bay of Singapore
(2) Park City (similar to Holland Village concept in Singapore):
o Our HK Launch Video: https://www.dropbox.com/s/786cnkn3jpcvuwb/190803%20golden%20emperor%20video.mov?dl=0
Malaysia Visa, there is MM2H, Malaysia My Second Home. You just need to put in RM500,000(HKD1m) in a fixed account in Malaysia and you can get a 10-year renewable visa. Please see attached PDF for details of MM2H.
https://drive.google.com/open?id=1U9zbpOrFUAXd4cbbrtbiFHcuZbAwoDXw
The Vietnam Housing Law 2015 states that all foreigners need to prove they can enter Vietnam before they are allowed to buy residential properties here. The only way to prove it is for you to enter Vietnam to sign the Sale & Purchase Agreements “SPA”. When you enter Vietnam the immigration officer will stamp your passport with an entry date. The developer needs to make a copy of that page to file with the SPA. That’s the proof that you need to show to the authority later on. So here are 5 simple steps to buy an apartment in Vietnam.
Contact Us
Locate Property in Vietnam
Book the unit
Goto Vietnam to sign SPA and open bank account
Sit back and watch the property prices go up.
