Property Purchase and Sale Agreement Process

1. Sign the provisional agreement and pay the deposit.

2. The client shall independently declare and pay the stamp duty (within 30 days from the signing of the provisional agreement).

3. The client shall independently arrange for a bank mortgage.

4. Pay the installment payments in accordance with the terms of the provisional agreement.

5. Complete the documents required for deed signing; after the bank mortgage approval is completed, an appointment can be made for deed signing.

6. Sign the formal contract and deed at the law firm, and pay the final portion of the property price.

7. Take possession of the unit.

Costs and Taxes for Property Purchase and Sale

1. Stamp Duty (1%~3%): Calculated according to the formula of the Financial Services Bureau (DSF). Example: For a property price of HKD 5 million, the amount is approximately HKD 100,000.

2. Deed Notarization Fee and Registration Fee: Calculated according to the government formula. Example: For a property price of HKD 5 million, the amount is approximately HKD 52,000.

3. Mortgage Notarization Fee and Registration Fee: Calculated according to the government formula. Example: For a mortgage amount of HKD 3.5 million, the amount is approximately HKD 22,000.

4. Other government document fees and law firm fees: Generally around several thousand Hong Kong dollars.

Taxes During Property Ownership

1. Land Rent: A fixed annual amount. Taking the "Residencia Suites" as an example, the amount is MOP 10 per square meter (based on usable area).

2. Property Tax: Calculated based on whether the unit is rented, the government's property valuation, and the rental amount.

• a. If rented: 8% of the total annual rent, approximately equivalent to 1 month's rent.
• b. If not rented: 6% of the government's annual rental valuation, generally around several thousand Macau patacas.

3. Special Levy: Payable every 10 years, with the amount being 10 times the annual land rent.