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Archive for December, 2009

Guide to Real Estate Investing in Hong Kong

Monday, December 28th, 2009

Hong Kong is among the world’ most busiest and fast-paced cities. Hence, real estate in Hong Kong is regarded as one of the costliest as well as the lucrative in the world. This in turn has led to great demand for high grade industrial and residential real estate in the city.

Nowadays, great choices as well as potential are made available for those who are interested in real estate investment in Hong Kong. Additionally, real estate in Hong Kong provides great benefits to investors. The main advantage is that investing in a property in the city allows you to have access to world’s one of the established markets.

Another worth mentioning benefit of investing in a real estate here is that not any kind of restrictions have been imposed on international investors to buy a property or asset. Further, buying a real estate in Hong Kong is considered one of the best options for long term investment, as it can undoubtedly fetch you huge profits.

Hong Kong’s property buying processes are administered by the Conveyancing and Ordinance, which is modeled in the form of English Law. In other words, the real estate law of this Special Administrative Region is quite similar to the one found in the UK, which in turn has attracted many American and British real estate investors.

One of the unique things regarding the Hong Kong Property Law is that all of the land found here belongs to government, ie, each of the real estate in Hong Kong is held under leasehold title. Hence, those who are interested in property investment buy an agreement or a lease for a period ranging from 50 to 999 years.

A real estate or property in Hong Kong can be either solely owned by one person or through jointly by several investors. However, joint investment may be usually in the form of tenant or a joint tenancy. Further, a property can also be owned through a company structure. But, in case, if a company would like to conduct its business through the purchase of a property on lease, then it should be registered with the Hong Kong Companies Registry. In addition, every type of lease should be listed at the Hong Kong’ Land Registry.

Nowadays, a large number of real estate firms and realtors are now there in order to help you find and buy your dream property in Hong Kong, no matter it is single detached home, villa, apartment, office, or industrial space. Many of them render the services of professional lawyers to help you in effectively carrying out buying procedures, such as agreement process, listing on the Hong Kong Land Registry or Hong Kong Companies Registry, tax matters, and negotiation of purchase.

It is important to undertake a serious investigation into reputation and the quality of real estate providers because there are some real estate firms may charge huge fee. Sources such as yellow pages, magazines, and newspapers, the internet also serves as an excellent source to find the most competent service provider in Hong Kong.

Attractive Destinations of Hong Kong

Monday, December 28th, 2009

Hong Kong is a wonderful travel destination. Visitors will certainly never get bored as there are so many excellent Hong Kong tourist attractions for them to enjoy and visit. The most popular attraction in Hong Kong is definitely the Hong Kong Disneyland which opened several years ago and which attracts visitors from around the globe. In the world there are many wonderful places to enjoy as a holiday. Among of them is Hong Kong. In fact, the territory has been attracting a number of foreign travellers for many years. Undoutedly, Hong Kong is very beautiful.

Hong Kong Disneyland – No visit to Hong Kong can possibly be complete without a visit to the Hong Kong Disneyland. If you are visiting Hong Kong with your children then they will never forgive you if you don’t take them to this amazing Hong Kong tourist attraction. Hong Kong Disneyland is located on Lantau Island and there are a number of Hong Kong hotels and resorts located nearby to this popular tourist attraction.

Ocean Park – Ocean Park has been one of the most popular Hong Kong tourist attractions for some time now. This excellent theme park is popular with both local residents as well as tourists. There are all sorts of attractions and activities at the Hong Kong Ocean Park including a shark aquarium and various rides and roller coasters. If you are interested in visit the Ocean Park during your visit to Hong Kong then please note that Ocean Park is located on the south section of Hong Kong Island. Opening hours are Tuesday through Sunday from 10:00 until 18:00.

Victoria Peak – One of the most beautiful places in Hong Kong is Victoria Peak. It is located at a height of just over 550 meters and many tourists visit Victoria Peak so as to enjoy the Hong Kong from above. Be sure to take your camera when visiting this popular Hong Kong tourist destination. If you are interested in visiting the Victoria Peak then please note that you should take the Peak tram which will take you all the way to the top and takes only eight minutes.

Wong Tai Sin Temple – Hong Kong is home to some rather stunning temples and one of the most popular of these Hong Kong temples is the Wong Tai Sin Temple. This popular Hong Kong tourist attraction is especially very popular with Chinese people visiting from abroad. The Wong Tai Sin Temple is a Taoist temple and was build in 1921. Beauty of Hong Kong is always associated with Hong Kong Disneyland, Ocean Park, Victoria Peak, Wong Tai Sin Temple. If you have a plan for next travel, Hong Kong should be considered as a primarity so that you can feel more attractions here than what is presented above.