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1. Inquire about second-hand residential properties (properties) from real estate agents (agents)

2. After signing the Estate Agency Agreement (EAA Form 4) for purchasing residential properties in Hong Kong with the agent, go to inspect the property together and select the property of your choice

3. After choosing a property, if you need a mortgage, you can ask the bank for a preliminary valuation.

4. Negotiate the property price and transaction terms with the seller through an agent

5. Successfully negotiate and sign a temporary sales contract (temporary contract) and pay a temporary deposit (detailed deposit) (usually 3 - 5% of the property price) to the seller/seller's lawyer for entrustment

6. Apply for a bank mortgage loan (if necessary) and entrust a lawyer to arrange the signing of a formal sales contract (formal contract)

7. Sign the formal contract Sign the formal sales contract (the formal contract) (usually within 14 days of signing the provisional contract), pay a deposit (the main deposit) (usually 5-7% of the property price) and pay stamp duty according to the payment time limit specified in the provisional contract

8. The buyer’s lawyer reviews the title documents provided by the seller’s lawyer

9. Sign the Transfer Deed Sign the mortgage deed (if applicable) and the transfer deed on or before the completion date, and inspect the property

10. Pay the remaining amount of the property price, lawyer fees, agent commissions, etc. on or before the closing date to complete the transaction