The Deed of Mutual Covenant and monthly management fee quietly govern life in every Hong Kong flat. Here is what buyers should understand about shares, fees, reserve funds and building management before they commit.
When buyers in Hong Kong calculate what they can afford, they focus almost entirely on the purchase price. But the annual cost of owning a property — rates, ground rent, management fees, insurance, and potential property tax — adds up to tens of thousands of HKD per year. This guide breaks down every recurring cost with a worked example