New Developments · New Homes

Hong Kong New Developments

Sales of new (first-hand) residential developments in Hong Kong are governed by the Residential Properties (First-hand Sales) Ordinance (Cap.621), supervised by the Sales of First-hand Residential Properties Authority (SRPA). Developers must provide a sales brochure and price list, and disclose information as required by law. Below is a summary of buyer protections and the buying process. Feel free to get in touch directly for the latest project availability, offers and launch information.

Buyer Protections for New Developments (Cap.621)

Sales brochure: Must be made available to the public at least 7 days in advance, and reprinted or reviewed for updates at least once every 3 months (ss.17(1), 25(9)), covering property information, floor plans, and surrounding facilities
Price list & sales arrangements: Must be made available to the public free of charge at least 3 days before the sale date (printed copies at the sales office plus an online version on launch day), before the developer may sell or offer to sell the property in accordance with the price list (ss.31(2), 32, 35)
Saleable area: The area schedule in the sales brochure and price list may only quote "saleable area" plus the 10 items specified in Part 1 of Schedule 2 of the Ordinance — no other area figures (such as gross floor area) may be provided (ss.23(1), 31(9))
Unmodified show flat: If a developer provides a modified show flat, it must also provide an "unmodified show flat" with the same fittings, finishes and appliances shown in the sales brochure, so prospective buyers can compare against the actual layout (s.36(1)(e))
Preliminary agreement: The formal Agreement for Sale and Purchase (ASP) must be signed within 5 working days of signing the Preliminary Agreement for Sale and Purchase (PASP), or the PASP is terminated and the preliminary deposit paid is forfeited (s.53(3))

Source: Sales of First-hand Residential Properties Authority (SRPA) FAQs on the Residential Properties (First-hand Sales) Ordinance (www.srpa.gov.hk) and the text of the Residential Properties (First-hand Sales) Ordinance (Cap.621), accessed 2026-07-13. Actual sales arrangements, dates and offers are subject to each developer's latest announcements and sales brochure; this page is for general reference only and does not constitute an offer or recommendation.

New Home Buying Process

Financial Preparation

Estimate your total cost of purchase, understand your mortgage options with your bank, and confirm your actual budget (see the Mortgage page).

Research

Review the sales brochure, check the property information, and shortlist your preferred units.

Ahead of Launch Day

Check the pricing information and sales arrangements, view the show flat, and submit an expression of interest.

Unit Selection & Signing

Take part in unit selection, sign the preliminary agreement and pay the deposit (3-5%), decide on a payment plan and submit your mortgage application, then sign the formal agreement and pay the balance plus stamp duty within 5 working days.

Completion & Move-in

Complete the transaction, budget for admin and renovation costs, carry out a pre-handover inspection, and collect the keys.

FAQ

Do I have to use the developer's designated solicitor for a new development?

No, not necessarily. Buyers may choose to use the developer's designated solicitors firm, or engage their own solicitor to handle the transaction — each has its own timeline and cost considerations. Actual arrangements depend on the individual developer and the solicitor firm's quote.

Can I get a 90% mortgage on a new development?

LTV arrangements follow the overall Mortgage Insurance Programme rules — see the Mortgage page. Some developers also offer "developer finance" payment plans; the terms and LTV depend on the individual project's sales arrangements.

How do I know which new development suits me?

When evaluating a new development, consider the district's development plans, transport links, the estate's scale and clubhouse facilities, the developer's track record, and the flexibility of payment plans. Feel free to share your budget and requirements — I'll match you with suitable projects based on the latest launch information.

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The information on this page has not been independently verified, and no warranty is given as to its completeness or accuracy. This website and Midland Realty International Limited accept no legal liability for any loss arising from reliance on this content. Information on first-hand residential property sales is subject to each developer's latest sales brochure and price list.

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