To put it in perspective, if you buy a property worth HK$15M through ZAP you’ll save HK$150,000. Similarly, an agent’s rental commission is typically half a month's rent for each party (owner and tenant) which means a HK$30,000 monthly rental will cost you HK$15,000. So ZAP it instead. Money aside, the service also saves you from dealing with Hong Kong’s ghastly estate agents. If you’re in the market for a two-bedroom apartment with a roof terrace, they’ll try to offload you with a second floor studio.
Rental prices start from HK$4,200/month but we’ve found some pretty appealing properties such as a newly decorated flat on Gage St. for HK$11.8M (above) or a designer Mid Levels home for HK$54,000/month. Once you’ve settled on a price with the owner (if you’re buying) you simply contact a solicitor to facilitate the elementary transaction. If you’re renting, however, you don’t even need to pay the HK$8,000 for legal - you just do a land search, fill in a tenancy agreement and pay stamp duty. You’ll save a packet and that means suggesting ZAP to your girlfriend could secure you that TV your flat deserves.
Money for nothing.