Hong Kong’s consumer watchdog launches Greater Bay Area property portal
New website offers buyers and renters one-stop platform with up-to-date information, Consumer Council says
Hong Kong’s consumer watchdog has launched a one-stop website that consolidates property data from 11 Greater Bay Area cities to provide buyers and renters with timely and accurate information, following hundreds of real estate deal complaints.
The Consumer Council announced on Wednesday a new guide on its website for residential property in the bay area, an economic zone combining Hong Kong, Macau and nine cities in Guangdong province.
The guide outlines steps for purchasing both new and second-hand residential property in these cities, including information on documents required, regulations, and tips for renting and estate management.
“We see a growing need among Hong Kong residents looking for housing when they decide to move to the Greater Bay Area. Either buying or renting a property is very high on their agenda,” council chairman Clement Chan Kam-wing said.
“Of course, it is not a one-way street. We also hope this information can assist other Greater Bay Area residents when they consider moving around or to Hong Kong.”
Chan added that since property policies and terminology could vary across different cities, consumers might need to make considerable efforts to understand and verify the information.
