Obviously I am new to the Hong Kong property scene, but I am wondering, with the relatively high purchase cost of real estate in Hong Kong, is it possible to find a positively geared or close to neutrally geared property investment in Hong Kong? I am looking at both residential and commercial. Am I looking for a needle in a hay stack? Or is all Hong Kong property investment purely speculating on potential capital growth?
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Is positive gearing an Australasian term or something? - I have never heard it in the US or UK. I'm guessing it means rental income exceeds outgoings. Is that right?
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Thats basically right. Generally after tax reductions associated with the property investment.
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Ed
19 yrs ago
If you are looking for a top up on a bank mortgage (I think you can finance up to 95%) check http://www.hkmc.com.hk/
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Thanks Ed, no I am asking if anyone positively gears property in Hong Kong. I am guessing that it is not possible due to the high entry price. But is it possible in commercial property maybe?
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maybe look into older property at about mid-40 to 50+ years residential properties or Tong House that allows you to convert it into a rooming suites,i.e. sub-divide a large unit into smaller. Yield can get up to 8-10%.
There are good chance the units will be re-develop one day .... which is 10-15 years at most.
Place to look for : Causeway Bay, Tin Hau, Tsim Sha Tsui Tokawan, Yau Mei Tei.
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