Loft Apartments in Hong Kong

Posted by Innocence (52 days ago)

I read that some people are renovating old godowns into interesting loft-style apartments in parts of Hong Kong.

I was told by someone that doing this is technically illegal because these apartments are not in residentially zone buildings.

This makes it difficult to sell them on.

If the market comes down when the world sees the how false this economy is we are considering buying one of these, renovating and renting it.

What are the risks and downsides?

Where are the best areas to find these types of properties?

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Posted by walkup2 (52 days ago)

One downside is that you are going to wait a long time. The second downside is that where converting property from one use to another there is residual risk. If no risk then the current owners would have already capitalised. The third downside is that undeveloped properties become more available in secondary areas and therefore more difficult to rent.

Posted by Fieter (39 days ago)

Sooner or later even the Hong KOng govt with their TOTAL lack of imagination will become aware of all the old industrial buildings standing empty and make an attempt to allow them to be rezoned.

Then we will have some fantastic NY style loft places devloping. It might take 99 years though...

Posted by spannermonkey (37 days ago)

or they are condemed and demolished.