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Subsidiaries

Services Charges

Shanghai Commercial Bank Trustee Ltd.
Estate Agent's Licence (Company) No. C-005154
(A subsidiary of Shanghai Commercial Bank, Ltd.)

Rental Collection Service

 
Type Descriptions Rates of commission
Rental collection Commission is based on the monthly rental collected from each separate unit.
(If the rates and management fee need to be collected from the tenant, these amounts are also included in the calculation of commission.)
 
monthly rental  
$10,000 or below 5.0%
$10,001-$20,000 4.5%
$20,001-$30,000 4.0%
$30,001-$40,000 3.5%
$40,001 or above 3.0%
A minimum of $300 is charged on each rental receipt.
During vacant period, each unit of the property will be charged $300 per month.
 
 

Property Agency Service

Sale and purchase of property

A handling fee of $200.00 is payable on date of appointment. Upon completion of the sale and purchase of the property, the vendor and the purchaser each has to pay a commission of 1% on the consideration (minimum commission @$4,000.00).


Letting of property

A handling fee of $200.00 is payable on date of appointment. When a tenancy agreement is reached, the landlord and the tenant each has to pay an agency commission of 50% of the first month's rental (minimum commission @$2,000.00).

 

Other Service Fees Items

 
  Fee per unit
Land search $120.00
Business Registration and Certificate of Incorporation search $150.00
Each item of payment other than expenses related to rental collection service $150.00
Written confirmation of account balance $100.00
Countersigning of audit confirmation for limited company $400.00
Photocopy of statement/cheque/related documents of account (per page) $50.00
Photocopy of Tenancy Agreement / Title Deeds and other documents $200 per copy of the Tenancy Agreement / Title deed
$50 per page of other document
Tenancy Renewal (Include Tenancy Agreement / CR109) $1,200.00
To liaise and appoint solicitor for issuing reminder to recover the rental in arrears $500.00
To liaise and appoint solicitor for legal action to take possession of the property $2,000.00
To arrange and co-ordinate the repair and maintenance work to the property @ 5% of the quotation price, minimum $300.00
Custody of Title Deeds $2,000 per annum
Remark: All fees listed herein are exclusive of legal, professional and out-of-pocket expenses.
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