The Club acts as the sole clearing house. Any existing Individual Debenture Member who wishes to sell his/her membership after his/her 3rd membership anniversary, or 5 years for those joining on/or after 13th June 2018, may contact the Membership Office by giving his/her offer price and any other transfer terms.
The Club will then publish such offer on the Club's web site for interested parties to respond to.
When bid and offer terms are matched, the interested transferee will be invited to attend a Membership Committee meeting.
Sale and purchase agreements in the approved form must be completed. (
download Buying Agreement
download Selling Agreement
The transferee approved by the Membership Committee is required to attend one of the next three briefing sessions for new Members held immediately after his/her election to be a Member, to collect his/her membership card and membership certificate and is charged membership subscription from the beginning of the same month. Failure to attend one of the three briefing sessions would result in his/her membership being withdrawn.
The transferor will also be advised of the result of the application and once payment is received from the transferee and after deducting the transfer fee, the transferor's rights as an Individual Debenture Member will cease and the Individual Debenture membership certificate must be returned to the Club.
The transfer fee is equivalent to the then current entrance fee for a married Ordinary Member for Individual Debenture Member admitted before 27 November 2013. For any Individual Debenture Member admitted as an Individual Debenture Member on/or after 27 November 2013, the transfer fee is 35% of the difference between the selling price and the original price, or HK$600,000, whichever is higher.