buying on outlying islands

Posted by hkgweilo (314 days ago)

i am considering buying on one of the islands. seems you get more for your money / nice living enironment etc. heard this 'village house' thing and property age can complicate things
anyone with experiance in this matter, your views would be appreciated.

cheers

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Posted by ken (313 days ago)

No Problem reliable attorney will sort it out for you http://www.publicbank.com.hk is aggressively seeking out mortgages with houses up to 45years

Posted by hkgweilo (312 days ago)

thanks ken. i have been in touch with public bank & it looks like them or the bank of china will be the best bet

Posted by Firewoman (309 days ago)

I am living in Lamma Island and as I know buying a "Village House" is not easy as you think. The Village House has a lot of potential problems because these kind of houses got some advantages from the Government. They are free of charge when the village people born a "BOY" but not for girl. Government will give the BOY the right of owing a piece of land when he is 18 years old but usually have to wait for a long period. Or even give you the land is not the one you want it, then as a result, the boy got the land and want to sell to public but there will a lot of restrictions on this because this is a FREE OF CHARGE LAND TO THE VILLAGE PEOPLE.

Or you can go to www.landed.hk to see what an expat writer can give you some ideas of buying a house in HK. I think this is very helpful.

Good luck!