Ricacorp Properties Limited is one of the largest

real estate agency The law of agency is an area of commercial law dealing with a set of contractual, quasi-contractual and non-contractual fiduciary relationships that involve a person, called the agent, who is authorized to act on behalf of another (called the pri ...

companies in

Hong Kong Hong Kong)., Legally Hong Kong, China in international treaties and organizations. is a special administrative region of China. With 7.5 million residents in a territory, Hong Kong is the fourth most densely populated region in the wor ...

, providing

residential A residential area is a land used in which houses, housing predominates, as opposed to industrial district, industrial and Commercial Area, commercial areas. Housing may vary significantly between, and through, residential areas. These include ...

, industrial,

commercial Commercial may refer to: * (adjective for) commerce, a system of voluntary exchange of products and services ** (adjective for) trade, the trading of something of economic value such as goods, services, information or money * a dose of advertising ...

retail Retail is the sale of goods and services to consumers, in contrast to wholesaling, which is the sale to business or institutional customers. A retailer purchases goods in large quantities from manufacturers, directly or through a wholes ...

and car-parking spaces property agency services. Meanwhile, it also offers immigration consultation,

surveying Surveying or land surveying is the technique, profession, art, and science of determining the land, terrestrial Plane (mathematics), two-dimensional or Three-dimensional space#In Euclidean geometry, three-dimensional positions of Point (geom ...

auction An auction is usually a process of Trade, buying and selling Good (economics), goods or Service (economics), services by offering them up for Bidding, bids, taking bids, and then selling the item to the highest bidder or buying the item from th ...

and

mortgage A mortgage loan or simply mortgage (), in civil law (legal system), civil law jurisdictions known also as a hypothec loan, is a loan used either by purchasers of real property to raise funds to buy real estate, or by existing property owners t ...

referral services for all types of properties. As of the end of 2018, the company has more than 220 branches and around 3,000 staff in Hong Kong. The company initially focused on the residential sector in Hong Kong. To catch up with the rapid development in the property market, Ricacorp branched out to various sectors including commercial, industrial, retail, and overseas market in recent years. In 2005, the company set up Ricacorp (C.I.R) Properties and Ricacorp (Macau) Properties limited. Till 2018, it established Ricacorp (Zhuhai) Properties limited to enter the Greater Bay area market. The Surveyors Department and Ricacorp Overseas Property & Immigration Consultant Limited were also set up to enhance related services in the same year. Ricacorp was one of the first real estate agencies in Hong Kong to focus on removing fake real estate listings from their sites, which they credited with an increase in market share by 2021. The

Competition Commission The Competition Commission was a non-departmental public body responsible for investigating mergers, markets and other enquiries related to regulated industries under competition law in the United Kingdom. It was a competition regulator under t ...

claimed that Ricacorp was one of three firms who colluded to maintain above-market commission rates, according to 2023 legal filings by the Commission against another of these firms,

Midland Holdings Midland Holdings Limited () is one of the largest real estate brokerage companies in Hong Kong. It provides residential, industrial and Commerce, commercial property brokerage services in Hong Kong, Macau and the People's Republic of China. Th ...

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Ricacorp Properties Limited

References

{{Reflist Real estate companies established in 1981 Property agencies of Hong Kong