1.3 Government Bodies Related to the Real Estate Trade
Q: Which government bodies should I know about as an agent?
1. Land Registry
You can find a lot of the needed information for property transactions by searching the Land Registry. This shows who owns the land, any claims on it, and major dealings like long-term leases. You can do a land search online.
2. Rating and Valuation Department
This department provides information about properties, like their size, usage, and year of completion, available online. Every year, they release the Hong Kong Property Review, which looks at the property market over the past year.
3. Buildings Department
You can get copies of occupation permits here.
4. Lands Department
This department provides information about land auctions, tenders, and other property sales by the government.
5. Housing Department
This department handles the removal of restrictions on transferring units under specific housing schemes.
6. Companies Registry
You can find information about limited companies here.
7. Stamp Office
Estate agents might need to handle the stamping of tenancy agreements, sale and purchase agreements, and assignments for clients at the Stamp Office.