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FDRC e‑Newsletter Issue 06 – Modernizing Payment Arrangements for Property Transactions in Hong Kong: The PAPT Framework

Our sixth e-Newsletter is now live. Hong Kong’s property‑transaction framework is seeing changes with the adoption of the Payment Arrangement for Property Transactions (PAPT) for secondary market for residential properties. Introduced as an optional alternative to the traditional cheque‑based conveyancing process, PAPT represents a measured step towards modernising settlement arrangements and aligning conveyancing practices with broader developments in digital payment infrastructure. The framework reflects ongoing efforts to support the transition of property transactions towards a more digital operating environment in Hong Kong.

🔍 Highlights:
• Evolution of PAPT from mortgage refinancing to secondary‑market sales and purchase transactions
• Overview of electronic, bank‑to‑bank fund transfer arrangements within the conveyancing context
• LegCo discussions and stakeholder feedback
• Implications for risk mitigation and industry practice

👉 Read the full article: https://fdrc.org.hk/en/doc/FDRC%20Newsletter%2006%202026_03_01%20(PAPT)_EN.pdf

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