Going north to buy a property, you are not familiar with life, of course, you have to ask until tomorrow! This episode will answer the questions that Hong Kong people will ask when going north to buy a property! What is the difference between condominiums, commercial houses, and SOHO? Commercial houses are Hong Kong residences, with two to four households on a stairway, with low density. Utilities and electricity are charged in accordance with the standards for civil water and electricity. The property right of a residence is up to 70 years, and you can apply for a public degree. Apartments are divided into residential apartments and serviced apartments. They are ready-to-buy, ready-to-live residences with hard-covered buildings. They are multi-family houses and most of them are commercial in nature. The longest property right is 50 years, there is no balcony, no gas, and no public degree can be applied. SOHO stands for Small Office and Home Office, similar to office buildings. It adopts office building standards, without gas and no balcony. It can be sold on a large area or in a small area. The maximum period of land use is 50 years, and it is also not possible to apply for a public degree. The quality of buildings in the Mainland varies. How to choose? The big brands have advantages. Mainland developers are divided into “first class”, “second class”, “third class”, “fourth class”, and “tentative class” from high to low. Buyers can roughly judge the strength of developers based on their level. Large brands have ample liquidity, and the risk of unfinished products and land shelving is low. In addition, large-scale developers have more experience in supporting housing estate planning, and can take into account the diverse needs of residents for transportation, consumption, entertainment, and schools. Evergrande, Vanke, China Overseas, China Resources, Wanda, Country Garden, etc. are more reputable first-line developers, both in terms of real estate quality and property management are more secure! “Small property house” is very low water, don’t you buy a good bottom loss? “Small property houses” are similar to small houses in Hong Kong. The property prices are usually a lot cheaper than the new buildings nearby, and they have already been completed, so there is no need to worry about unfinished properties. But in fact, this part of the property refers to the house built on the rural collective land. It has no legal effect, no officially recognized property rights, and no real estate five certificates. If you accidentally buy a “small property house”, not only the quality is not guaranteed, there is no legal protection, and the future cannot be resold for sale, inheritance, etc. The risk is very high! Buying a property in the Mainland does not require a lawyer. Will there be no legal protection? When buying and selling properties in the Mainland, the company of a lawyer is not a necessary requirement. As far as possible, you can buy and sell properties from well-known developers or through large intermediaries to protect your own interests. When buying a first-hand property, you need to check the five certificates and two books. When buying a second-hand property, you need to keep the title certificate and whether the property has been seized. Finally, it is necessary to apply for a real estate title certificate, because this is the only legal document for title certification. Beishang Property Point-built Mortgage? Generally, when applying in the Mainland, the mortgage ratio can reach up to 70% of the property price, but the interest rate will be about 5 to 6% higher than that of Hong Kong. The maximum loan term is 30 years. Recently, some Hong Kong banks have also begun to provide mortgage services for properties in the Greater Bay Area, allowing Hong Kong people to apply for mortgages in Hong Kong. Loans in Hong Kong dollars have lower interest rates than those in the Mainland. Friends who are interested in buying property in the north, remember that “cheap is not greedy”, and it is best to find a large intermediary agency for help! 📌 If you have any questions about the property market or mortgage, please leave a message below or contact our online customer service for inquiries: ▄▄▄▄▄▄▄⭐️ Featured videos⭐️ ▄▄▄▄▄▄▄▄ 📺[Beginners’ Mortgage Tutorial]class! 📺【Novice Teaching】Look at the process of buying a second-hand building step by step! 📺[Newbie Teaching]Dissolve the 5 “Limited” words in the Greater Bay Area 📺[Beginner Teaching]90% on the car is guaranteed FAQ ▼▼See more ▼▼ Now on ” HongKongFloorPlans”: Subscribe to ” HongKongFloorPlans” YouTube channel: Like ” HongKongFloorPlans” Facebook page: Follow ” HongKongFloorPlans” Instagram: Follow public account: meilian_hk ( HongKongFloorPlans Hong Kong).