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HK, Macao buyers receive owner certificates right away

08/23/2021 Source: Chinadaily.com.cn

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Shun Tak (Xinde) Port Business Center has become the first Macao project in Hengqin New Area to transfer property to homebuyers who at the same time received 70-year property ownership certificates.

Issuing a property ownership certificate concurrently with residence delivery signifies increased service efficiency of commercial residence transactions, tax payments, and real estate registration through coordination of relevant authorities. It is intended to advance national reforms of delegating power, streamlining administration, optimizing government services, improving business environments, and enhancing quality of life.

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Green channel of real estate registration services for Macao residents at Hengqin Comprehensive Service Center [Photo courtesy WeChat account: zhuhaibdc]

Zhuhai piloted the program in the National Hi-Tech Industrial Development Zone (Tangjiawan) in November 2020. Now Hong Kong and Macao residents benefit from the policy dividend due to joint efforts of the Hengqin Taxation and Ecological Environment & Construction bureaus and Zhuhai Real Estate Registration Center.

Next, the center will streamline more real estate registration services frequently required by Hong Kong and Macao enterprises and individuals to facilitate their businesses and lives in Zhuhai.

The mixed-use Shun Tak complex next to the Hengqin Port entrance on East Huandao Road consists of two high-rise buildings of 35 and 52 floors and a four-story commercial building. Situated on 23,834 sqm (6 acres), it contains 426 residential units, plus office, hotel, and retail properties. Sixty percent of the proprietors are from Hong Kong and Macao.