Ruby Hon Yuen-ping

Ruby Hon Yuen-ping

Ruby Hon Yuen-ping is chief executive officer of Estate Agents Authority

Latest from Ruby Hon Yuen-ping

Concrete Analysis | Hong Kong property agents risk disciplinary action if the information they give clients is inaccurate

Providing misleading information to clients in order to close a deal quickly or attract customers is unprofessional and will bring disrepute to the trade, the Estate Agents Authority warns.

Providing misleading information to clients in order to close a deal quickly or attract customers is unprofessional and will bring disrepute to the trade, the Estate Agents Authority warns.

30 Nov 2021 - 12:00PM
Concrete Analysis | Mortgage borrowers should seek professional advice before making a purchase decision

As mortgage terms are complicated, prospective buyers should not make any decision based solely on information provided by agents.

As mortgage terms are complicated, prospective buyers should not make any decision based solely on information provided by agents.

19 Oct 2021 - 6:10PM
Concrete Analysis | Buyers beware: investors of real estate assets beyond Hong Kong should be aware of risks, rules and complications

In view of the increasing number of Hong Kong investors purchasing non-local properties, the Estate Agents Authority (“EAA”) issued a set of guidelines on the sale of uncompleted offshore properties to protect consumers.

In view of the increasing number of Hong Kong investors purchasing non-local properties, the Estate Agents Authority (“EAA”) issued a set of guidelines on the sale of uncompleted offshore properties to protect consumers.

7 Sep 2021 - 6:33PM
Concrete Analysis | Beware of the pitfalls of buying properties with unauthorised building work or illegal alterations

While some properties might look attractive due to a redesign or modification of their original layout plan, purchasers should be wary of the risks if they involve unauthorised building work.

While some properties might look attractive due to a redesign or modification of their original layout plan, purchasers should be wary of the risks if they involve unauthorised building work.

6 Jul 2021 - 7:25PM
Concrete Analysis | Why you should research and compare information contained in advertisements by property agents

The recent boom in the first-hand residential property market has helped contribute to an increase in the number of transactions in secondary residential properties as well.

The recent boom in the first-hand residential property market has helped contribute to an increase in the number of transactions in secondary residential properties as well.

13 Apr 2021 - 12:05PM
Concrete Analysis | Exercise care on advertisements and be alert to misrepresentation when buying first-hand residential property

Prospective buyers should exercise care on promotional messages when evaluating first-hand residential property transaction, particularly those posted on social media or lamp posts.

Prospective buyers should exercise care on promotional messages when evaluating first-hand residential property transaction, particularly those posted on social media or lamp posts.

26 Jan 2021 - 12:10PM
Concrete Analysis | What risks do Hongkongers face while buying uncompleted property abroad?

Over the past few years, it is becoming more and more popular for Hong Kong people to purchase non-local properties. The risk they face is high, especially when those properties are still under construction, or are yet to be completed.

Over the past few years, it is becoming more and more popular for Hong Kong people to purchase non-local properties. The risk they face is high, especially when those properties are still under construction, or are yet to be completed.

10 Nov 2020 - 7:05PM
Concrete Analysis | Hong Kong property agent finds the hard way why it is important to stay on top of mortgage loan rules

Property agents should never hastily assure clients on the terms of a loan but instead advise them to consult directly with banks or other professionals.

Property agents should never hastily assure clients on the terms of a loan but instead advise them to consult directly with banks or other professionals.

22 Sep 2020 - 7:11PM
Concrete Analysis | Hong Kong’s property agents must comply with rules when advertising new homes

They must exercise due care before releasing property information to the public and ensure that no misrepresentation is made, writes Ruby Hon Yuen-ping, chief executive of the Estate Agents Authority.

They must exercise due care before releasing property information to the public and ensure that no misrepresentation is made, writes Ruby Hon Yuen-ping, chief executive of the Estate Agents Authority.

21 Jul 2020 - 6:25PM
Concrete Analysis | Hong Kong property agents face ethical duty advising clients on bank valuation, mortgage financing margin

Property prices fluctuate according to market conditions, which in turn affects the value of underlying assets and eligible mortgage financing. Property agents have been reprimanded for giving false assurances on these situations.

Property prices fluctuate according to market conditions, which in turn affects the value of underlying assets and eligible mortgage financing. Property agents have been reprimanded for giving false assurances on these situations.

12 May 2020 - 7:20PM
Concrete Analysis | Estate agents should adopt full disclosure to avoid conflict of interests in property transactions

The real estate market thrives on transparency and trust, and agents must not allow any personal interest to conflict with those of their clients.

The real estate market thrives on transparency and trust, and agents must not allow any personal interest to conflict with those of their clients.

17 Mar 2020 - 7:16PM
Concrete Analysis | How a property agent fell afoul of the Estate Agents Authority’s code of ethics by offering loan to a client

Guidelines issued by the Estate Agents Authority say that property brokers must not offer loans to clients in order to make a sale.

Guidelines issued by the Estate Agents Authority say that property brokers must not offer loans to clients in order to make a sale.

18 Feb 2020 - 6:45PM
Concrete Analysis | The importance of conducting a land search when buying or selling property in Hong Kong

Ruby Hon Yuen-ping, chief executive of the Estate Agents Authority

Ruby Hon Yuen-ping, chief executive of the Estate Agents Authority

17 Dec 2019 - 7:31PM
Concrete Analysis | Why provisional sales, tenancy agreements for property in Hong Kong must be handled with care

Consumers must be aware that provisional property agreements are legally binding documents and disputes may easily arise, says Ruby Hon, chief executive of the Estate Agents Authority

Consumers must be aware that provisional property agreements are legally binding documents and disputes may easily arise, says Ruby Hon, chief executive of the Estate Agents Authority

15 Oct 2019 - 7:43PM
Concrete Analysis | Hong Kong watchdog extends purview to regulate licensed property agents selling incomplete overseas property

The Estate Agents Authority issued a practice circular, which took effect last year, on handling the sale of incomplete properties situated outside Hong Kong, to provide guidelines for licensed property agents to follow.

The Estate Agents Authority issued a practice circular, which took effect last year, on handling the sale of incomplete properties situated outside Hong Kong, to provide guidelines for licensed property agents to follow.

28 Aug 2019 - 4:19PM
Concrete Analysis | Be careful when renting a sublet property: if there’s no agreement in place you could end up evicted

It is vitally important to check the principal tenancy agreement for any restriction against subletting, says Ruby Hon Yuen-ping, CEO of the Estate Agents Authority

It is vitally important to check the principal tenancy agreement for any restriction against subletting, says Ruby Hon Yuen-ping, CEO of the Estate Agents Authority

23 Jul 2019 - 6:34PM
Concrete Analysis | Understanding the risks of unauthorised building works before buying or renting property in Hong Kong

As additions or alterations may affect the safety of a property and may render the title defective, agents should tell their clients of any such orders registered against the property and the risks involved.

As additions or alterations may affect the safety of a property and may render the title defective, agents should tell their clients of any such orders registered against the property and the risks involved.

28 May 2019 - 7:18PM
Concrete Analysis | Pay close attention to stamp duty when buying property in Hong Kong

Since property transactions usually involve large sums of money and buyers bear the cost of stamp duty, they are advised to carefully research what category they fall under and not just rely on property agents.

Since property transactions usually involve large sums of money and buyers bear the cost of stamp duty, they are advised to carefully research what category they fall under and not just rely on property agents.

9 Apr 2019 - 7:25PM
Concrete Analysis | Be aware of these regulations affecting property advertisements

There are a number of requirements that estate agency companies need to comply with when issuing property advertisements

There are a number of requirements that estate agency companies need to comply with when issuing property advertisements

26 Feb 2019 - 5:26PM
Concrete Analysis | Homebuyers should find out how much the bank will loan before signing a purchase agreement

Make sure to obtain accurate information about mortgage financing before committing to a property purchase.

Make sure to obtain accurate information about mortgage financing before committing to a property purchase.

21 Dec 2018 - 9:46PM
Concrete Analysis | Hong Kong property agents mustn’t mislead buyers or face disciplinary action by watchdog

The Estate Agents Authority’s charter on sales of first-hand properties – based on consensus with 32 developers – commits to take punitive measures against agents and their firms for any unruly behaviour

The Estate Agents Authority’s charter on sales of first-hand properties – based on consensus with 32 developers – commits to take punitive measures against agents and their firms for any unruly behaviour

6 Nov 2018 - 6:37PM
Concrete Analysis | Property agents’ watchdog vows harsher penalties on errant brokers as it aims for orderly sales environment

The Estate Agents Authority will no longer tolerate bad behaviour such as fighting at sales sites as it looks to stiffen penalties on salesmen and their employers, including revoking their trade licence.

The Estate Agents Authority will no longer tolerate bad behaviour such as fighting at sales sites as it looks to stiffen penalties on salesmen and their employers, including revoking their trade licence.

25 Sep 2018 - 5:33PM