Rental increases in the NTs

Posted by tia (174 days ago)

My landlord just told me today he wants to increase my rent from 9500 to 12K. I really do not think that rent has increased that much in Shatin in the last year and a bit, has it?

Where can I go to find comparisons of rental prices in my area?

Find what you are after in our Hong Kong A-Z Directory

Posted by evildeeds (173 days ago)

All depends where you are in Shatin. There have been price increases even in the not so good areas. Which complex are you in?

Posted by tia (173 days ago)

I'm up in Castello, near the Tate Cairn Tunnel.

Posted by evildeeds (173 days ago)

I know Castello quite well, and although those for sale have not increased hugely I have seen rents there vary from around 13K for the 2 bed 718s/ft up to around 18K for those over 1000s/ft.

Best to look in the Estate agents, there used to be some down near the little parade of shops (near 7-11) although not sure if still there now. Or take a run down to the Estate agents over near City 1 or near to Yu Chui Court.

Posted by Fieter (173 days ago)

Many Agents keep very detailed databases of sales and rental prices. If you know one you can ask what the latest prices are in your building.

Posted by Sai Kung (164 days ago)

Go directly to the web pages of www.midland.com.hk and www.centanet.com to find your answers.

Posted by evildeeds (163 days ago)

centanet.com in not in Chinglish anymore, Chinese only for searches.

Posted by Sai Kung (163 days ago)

On the top right hand corner you will find the button "English Version". But here's the direct link to their server http://202.72.14.34/ehome.htm.

If you can afford the down payment, maybe consider to buy. The mortgage amount should be very close to the monthly rentals. And remember that for example if the mortgage payments are say Hkd 12,000 per month, about 50% of that is for the interest and the balanace 50% is the principal. So you can treat this like your second MPF retirement plan where you get the money back when you exist ownership.

Besides, why help the landlord pay the monthly mortgages to the bank? In 20-25 years, the entire property will be yours.

Posted by evildeeds (163 days ago)

Yes that does say English but when you go through to search it is in Chinese only! Been like that for a while now.

Posted by olympics (163 days ago)

This site seems fine when i follow the above insturctions from sai kung. maybe your computer brower needs setting modifications?

Internet Explorer - Tools - Internet Options - General - Temporary Internet Files - Settings - Then check "Every visit to the page". Hope this helps you.

Posted by evildeeds (163 days ago)

Doesn't work on any machine here, and there is also a topic about this on another site. Seems you two are the only people in HK who can search Centaline in English! Clicking on Eng on the server above (hint: do not use the ehome.htm) takes you to a site not found.

Certainly not browser settings......

Posted by ricardo (139 days ago)

midland is good though

Posted by walkup (138 days ago)

try searching on centadata.com: http://www.centadata.com/ephome.aspx
(works best with Internet Explorer)