{"id":119185,"date":"2020-11-10T11:00:22","date_gmt":"2020-11-10T04:00:22","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/what-risks-do-hongkongers-face-while-buying-uncompleted-property-abroad\/"},"modified":"2020-11-10T12:02:56","modified_gmt":"2020-11-10T05:02:56","slug":"what-risks-do-hongkongers-face-while-buying-uncompleted-property-abroad","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/what-risks-do-hongkongers-face-while-buying-uncompleted-property-abroad\/","title":{"rendered":"What risks do Hongkongers face while buying uncompleted property abroad?"},"content":{"rendered":"


\nOver the past few years, it is becoming more popular for Hong Kong people to purchase non-local properties. The risk they face is high, especially when those properties are still under construction, or are yet to be completed. Currently, there is no relevant legislation governing the sale of non-local properties in Hong Kong. Selling properties situated outside Hong Kong is generally beyond the purview of the Estate Agents Authority (EAA). A person or company engaging in estate agency work\u2026
\n
\nSource : South China Morning Post
\nRead more…What risks do Hongkongers face while buying uncompleted property abroad?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Over the past few years, it is becoming more popular for Hong Kong people to...<\/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-119185","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-v0l","jetpack-related-posts":[{"id":128430,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/what-buyers-of-uncompleted-properties-overseas-from-hong-kong-should-do-to-protect-their-interests\/","url_meta":{"origin":119185,"position":0},"title":"What buyers of uncompleted properties overseas from Hong Kong should do to protect their interests","date":"August 2, 2022","format":false,"excerpt":"\r Investors should tread carefully and seek professional advice because of the inherent risks associated with buying uncompleted properties overseas.\r \r Source : South China Morning Post\r Read more...What buyers of uncompleted properties overseas from Hong Kong should do to protect their interests","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":75387,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-regulator-sets-rules-for-sale-of-uncompleted-overseas-property-for-the-first-time\/","url_meta":{"origin":119185,"position":1},"title":"Hong Kong regulator sets rules for sale of uncompleted overseas property for the first time","date":"December 28, 2017","format":false,"excerpt":"\r The regulator of property agents in Hong Kong has issued guidelines for the sale of uncompleted overseas properties by local agents following repeated complaints by buyers, a move supported by companies in the sector. The Estate Agents Authority issued a practice circular on the sale of uncompleted properties situated\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":121860,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/buyers-beware-investors-of-real-estate-assets-beyond-hong-kong-should-be-aware-of-risks-rules-and-complications\/","url_meta":{"origin":119185,"position":2},"title":"Buyers beware: investors of real estate assets beyond Hong Kong should be aware of risks, rules and complications","date":"September 7, 2021","format":false,"excerpt":"\r Purchasing properties situated outside Hong Kong, particularly uncompleted ones, is complicated and full of risks.Consumers should study all related information before making a purchase decision and be extremely vigilant when investing in these properties so as to protect their own interests.In Hong Kong, there is no legal requirement that\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":36340,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/why-buying-properties-in-britain-is-good-parenting-for-hongkongers\/","url_meta":{"origin":119185,"position":3},"title":"Why buying properties in Britain is good parenting for Hongkongers","date":"November 29, 2016","format":false,"excerpt":"\r Preparing for their children\u2019s education is the major reason why many Hongkongers and mainlanders invest in properties in Britain, a trend that has been accelerating since the Brexit vote weakened the value of the pound, according to agents. Peter Gibney, director of City and East London residential development with\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":87433,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hongkongers-brush-off-weakening-local-dollar-to-continue-buying-homes-in-shenzhen\/","url_meta":{"origin":119185,"position":4},"title":"Hongkongers brush off weakening local dollar to continue buying homes in Shenzhen","date":"May 9, 2018","format":false,"excerpt":"\r Hong Kong homebuyers continue to desire properties in Shenzhen, despite the Hong Kong dollar falling to a 35-year low against the US dollar recently. The yuan, meanwhile, has been the fourth strongest currency in Asia in the past 12 months, and has surged by about 8 per cent against\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":124189,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/prime-london-properties-set-for-further-recovery-as-hongkongers-local-investors-flock-back-to-city-centre-as-omicron-wave-peaks\/","url_meta":{"origin":119185,"position":5},"title":"Prime London properties set for further recovery as Hongkongers, local investors flock back to city centre as Omicron wave peaks","date":"January 11, 2022","format":false,"excerpt":"\r Global investors, including those emigrating from Hong Kong, are flocking back to London\u2019s prime areas to snap up properties as the world gradually moves on to living with Covid-19.Several districts in London are recording higher property sales in recent months, according to real estate agents as workers return to\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\/119185"}],"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=119185"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/119185\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=119185"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=119185"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=119185"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}