Due Diligence of the Private Residential Market in Hong Kong
Andreas Weiler
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Andreas Weiler, Due Diligence of the Private Residential Market in Hong Kong (2012), Logos Verlag, Berlin, ISBN: 9783832596743
Beschreibung / Abstract
This study seeks to investigate all considerations that are connected with an investment in the private residential market in the Hong Kong SAR. Within the framework of a due diligence analysis, commercial, legal, tax and technical aspects are reviewed in order to evaluate opportunities and risks. As the property market is distinctively connected with the political and economic surroundings, its interdependencies are critically reviewed. A scope is set on the analysis of the price movement, its influences and its reliability. The reader will be enabled to draw conclusions on the influence of macroeconomic factors on price movements and thus be able to differentiate between rational and irrational pricing.
Inhaltsverzeichnis
- BEGINN
- 1. Introduction
- 1.1 Background
- 1.2 Objectives and Structure
- 2. Fundamentals of a Due Diligence Analysis
- 3. Commercial Due Diligence
- 3.1 Theoretical Background of Property Cycles
- 3.2 Location Profile
- 3.3 Public Housing Sector
- 3.4 Private Housing Sector
- 3.4.1 Market Structure
- 3.4.2 Private and Public Housing Distribution
- 3.4.3 Supply of Private Residential Units
- 3.4.4 Supply of Building Land
- 3.4.5 Review of the Price Development
- 3.4.6 Review of the Rent Development
- 3.4.7 Rational and Irrational Factors in Price Movements
- 3.4.8 Governmental Regulations
- 3.5 Economic Profile
- 3.6 Banking Sector
- 3.7 Mortgage Market
- 3.8 Socio-demographic Profile
- 3.9 Household Income
- 3.10 Currency
- 4. Legal Due Diligence
- 4.1 Estates and Licences
- 4.1.1 Freehold Estate
- 4.1.2 Leasehold Estate
- 4.1.3 Licences
- 4.2 Leasehold Ownership
- 4.3 Ownership in Multi-storey Buildings
- 4.4 Servitudes
- 4.5 Mortgages
- 4.6 Sale and Purchase Agreement
- 4.7 Titles Registration
- 4.8 Business Entities
- 5. Tax Due Diligence
- 5.1 Fundamental Principles
- 5.2 Personal Assessment
- 5.3 Profits Tax
- 5.4 Salaries Tax
- 5.5 Property Tax
- 5.6 Stamp Duty
- 6. Technical Due Diligence
- 6.1 Planning Control
- 6.2 Lease Control
- 6.3 Building Control
- 7. Conclusions and Perspective
- 8. Bibliography
- 8.1 Literature
- 8.2 Digital