{"id":111602,"date":"2019-10-15T11:00:10","date_gmt":"2019-10-15T04:00:10","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/why-provisional-sales-tenancy-agreements-for-property-in-hong-kong-must-be-handled-with-care\/"},"modified":"2019-10-15T11:23:16","modified_gmt":"2019-10-15T04:23:16","slug":"why-provisional-sales-tenancy-agreements-for-property-in-hong-kong-must-be-handled-with-care","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/why-provisional-sales-tenancy-agreements-for-property-in-hong-kong-must-be-handled-with-care\/","title":{"rendered":"Why provisional sales, tenancy agreements for property in Hong Kong must be handled with care"},"content":{"rendered":"


\nWhen handling the transaction of second-hand properties in Hong Kong, estate agents may arrange for clients to enter into a provisional agreement for sale and purchase (PASP) or provisional tenancy agreement (PTA).Consumers should note that both are legally binding documents and disputes may easily arise if they are not completed properly. Here, I would like to highlight that estate agents are required to exercise due care and diligence when preparing PASP and PTA for their clients.In order to\u2026
\n
\nSource : South China Morning Post
\nRead more…Why provisional sales, tenancy agreements for property in Hong Kong must be handled with care<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

When handling the transaction of second-hand properties in Hong Kong, estate agents may arrange for...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-111602","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-t22","jetpack-related-posts":[{"id":126729,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-estate-agents-and-landlords-should-implement-hong-kongs-new-tenancy-control-regime-for-subdivided-units\/","url_meta":{"origin":111602,"position":0},"title":"How estate agents and landlords should implement Hong Kong\u2019s new tenancy control regime for subdivided units","date":"May 17, 2022","format":false,"excerpt":"\r The government has implemented a new tenancy control regime for subdivided units under Part IVA of the Landlord and Tenant (Consolidation) Ordinance, which came into effect on 22 January this year.\r \r Source : South China Morning Post\r Read more...How estate agents and landlords should implement Hong Kong\u2019s new\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":146526,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-grocery-chain-759-store-freezes-investments-reviews-lease-deals-after-losses\/","url_meta":{"origin":111602,"position":1},"title":"Hong Kong grocery chain 759 Store freezes investments, reviews lease deals after losses","date":"July 25, 2024","format":false,"excerpt":"\r Hong Kong grocery chain 759 Store is freezing major investment plans and reviewing tenancy agreements after it booked an annual net loss of HK$29.8 million\r \r Source : South China Morning Post\r Read more...Hong Kong grocery chain 759 Store freezes investments, reviews lease deals after losses","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":105903,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/pay-close-attention-to-stamp-duty-when-buying-property-in-hong-kong\/","url_meta":{"origin":111602,"position":2},"title":"Pay close attention to stamp duty when buying property in Hong Kong","date":"April 9, 2019","format":false,"excerpt":"\r I would like to share a case regarding stamp duty liability so as to remind both property agents and consumers of the importance of understanding the types and amount of stamp duty payable before entering into any provisional agreement for sale and purchase.\r\rAn agent introduced an industrial property to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":115370,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-retail-rents-might-need-to-be-halved-for-tenants-landlords-to-survive-coronavirus-outbreak-developer-says\/","url_meta":{"origin":111602,"position":3},"title":"Hong Kong retail rents might need to be halved for tenants, landlords to survive coronavirus outbreak, developer says","date":"April 3, 2020","format":false,"excerpt":"\r Hong Kong\u2019s retail landlords might have to cut rents by 50 per cent to attract new tenants amid a worsening outbreak of the novel coronavirus, one of the city\u2019s richest developers said.\u201cFor these few months, you\u2019ll probably see a 50 per cent cut in rents for the retail sector,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":121625,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/tenancy-control-on-subdivided-flats-a-step-forward-not-long-term-solution-to-hong-kongs-housing-crisis\/","url_meta":{"origin":111602,"position":4},"title":"Tenancy control on subdivided flats: a step forward, not long-term solution to Hong Kong\u2019s housing crisis","date":"August 24, 2021","format":false,"excerpt":"\r Housing crisis has long been a pressing issue for Hong Kong, one of the most expensive property markets in the world.Amid a lack of affordable housing, the waiting time for public rental housing is 5.8 years on average. Many low-income households therefore have no choice but to live in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":159605,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-ferry-buys-retail-space-for-us33-million-from-cassette-king\/","url_meta":{"origin":111602,"position":5},"title":"Hong Kong Ferry buys retail space for US$33 million from \u2018Cassette King\u2019","date":"August 20, 2025","format":false,"excerpt":"\r Hong Kong Ferry Holdings is buying retail shops in the New Territories from Hong Kong\u2019s \u201cCassette King\u201d David Chan Ping-chi for HK$260 million (US$33 million) as part of an expansion of its property investment business. Prosper Link Investment, a wholly owned subsidiary of the company, entered into a provisional\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/111602"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=111602"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/111602\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=111602"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=111602"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=111602"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}