Assisting you through the transaction
Investing in a taxi licence is simple. Chung Shing Taxi can advise in detail all things related to investing in a taxi licence and the procedures involved before you come to a decision.
Investing in a taxi licence is simple. Chung Shing Taxi can advise in detail all things related to investing in a taxi licence and the procedures involved before you come to a decision.
The trading value of the taxi licence is set according to the overall market trading on the day. Chung Shing Taxi provides an inquiry service for interested investors to instantly find out the latest value of urban licences and New Territories licences. You can check the latest licence values on our website, or WhatsApp Chung Shing Taxi on 6330 0230, then press '2' or 'ask for licence value' to find out the latest market value.
Chung Shing Taxi helps taxi owners/investors secure the most favourable interest rate terms for a taxi licence mortgage. Customers can alternatively go to a bank of their choice to apply for a loan. The taxi mortgage rate is calculated using the prime rate (P-Rate) or the Hibor. In the event that the prospective buyer does not receive the bank's taxi loan approval, Chung Shing Taxi will refund the full amount of the deposit and cancel the transaction without charging a handling fee.
The contract for the sale and purchase of a taxi licence contains the specifics of the buyer and seller, the taxi licence plate number and year, and the transaction date. The process for licence transfer is simple and can be completed within 15 minutes at the Transport Department by both the buyer and seller. The fee to transfer a taxi licence is $1,000 and is settled by the buyer.
Simply follow the five steps below to buy a taxi licence. It generally takes 10 working days to complete the process:
To sell your taxi licence, simply follow the steps below.
