L10 Web Stats Reporter 3.15
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Basic knowledge of land ownership in Hong Kong
Services provided by estate agents (with an overview of sale and purchase procedures)
Provisional sale and purchase agreements
Formal sale and purchase agreements
Consequences of breaching the sale and purchase agreement
Completing the sale and purchase transaction
Sale and purchase of Home Ownership Scheme (HOS) flats
Sale and purchase of property under construction
Deeds of Mutual Covenant and Owners' Corporations
Case illustration
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8. Can a purchaser re-sell the property after signing the provisional sale and purchase agreement?

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Yes, but check whether such action is allowed in the provisional sale and purchase agreement before doing so. The existing purchaser will act as a "Confirmor" and the new purchaser will act as a "Sub-Purchaser" in the transaction. Since it will involve an additional party, special attention must be paid to the timing of payments, the discharge of any existing mortgage, and the handing over of the flat. Additional stamp duty may also be incurred.