Hong Kong Property Market Analysis

Posted by Ed (231 days ago)

Some interesting comments here

http://hongkong.asiaxpat.com/property/market.asp

What is your take on the market - would you consider buying in now?

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Posted by ken (227 days ago)

Yes, some very good points made in this article especially about the valuations. Though no direct figures on hand here now but I believe that Sai Kung, Clearwater Bay and sections of Tai Po/Yeun Long for villas and village houses (particularly those with views and gardens) are also near 30%+ increase for 2007. And supply for these nicer homes is becoming very tight.

Posted by Kingswood Country (227 days ago)

Tai Po and Yuen Long went up 30% in 2007, umm why ?

I can understand Clearwater bay and Sai Kung going up, as I heard recently that a villa in Casa Bella in Saikung sold for 9.3 million ( waterfront), purchased 3 years ago for 6.5 million. But, don't see much of a demand for village houses in the other area's you mentioned. Certainly of little interest to expats anyway. We lived in Yuen Long and since we moved to where we are now with uninterrupted sea views, a nice easy commute to work now, you wont get us moving back there ever again... Tai Po seems like an odd place to jump up in value, because its out in the middle of nowhere, and a seriously long journey if you ever need to go to the airport. Forget about it lol.

The property market is really rather shoot from the hip kind of "I" think I can kind of ideology, if not down right dreaming residentially. High end property is pricing itself out of most of our reach, and seems to be where the big gains are being made. Sai Kung seems to be gaining that sort of momentum, one of the few NT locations attracting higher end buyers..

Posted by Patrick Yiu (226 days ago)

I don't work in NT, but give you some statistic figure for reference.

Price increment in the entire year of 2007

Marina Cove, Sai Kung 0.9% - $9327/sq.ft.
Hong Lok Yuen, Tai Po 11.8% - $6972/sq.ft.
Deerhill, Tai Po 23.1% - $6205.

Tai Po is in the middle of China and Kowloon city. If you have a husband needs to work in China, and wife in Central, Hong Lok Yuen has a shuttle bus to Central in the morning. The locals like to send children to Kowloon Tong schools, many factory owners live in Tai Po for that reason.

HK Side:

Tregunter Tower, Mid-Level. 46.9% $13662/sq.ft. (top of the list)
Beverly Hill, Happy Valley. 43.4% $10074/sq.ft.
HK Parkview, South Side. 32.5% $11980/sq.ft.

Posted by marcusboy (226 days ago)

Anyone's got a take on older properties in Discovery Bay?

Posted by Cruz (226 days ago)

Prob a new thread there.
DB is a good bet IMHO. Undervalued and lots of space and HK Resorts invest in the place. Age shd not be an issue as even the older places are not that old.

Posted by Natasha (225 days ago)

Do you think it's still good time to invest ? buy-to-let and keep it for 1 year ? Will there be any effect on the property market after yesterday shares downfall ?

Posted by cwglin27 (224 days ago)

If any, the interest is down substantially so the market will only be on the way up.. it's a great time to buy, but afraid the price will be up after CNY..

Posted by mellon (220 days ago)

How about Park Island on Ma Wan?

Clean air. Apartments are under 5 years old with undervalued price. 25 mins to Central, accessible by both ferry from Central and train from Tsing Yi.