News Hong Kong Property & Finance

Buying a Government Property

ORIGINAL POST
Posted by kissy.missy 12 yrs ago
i'm looking at some properties to buy in yuen long/kam tin and this agent has got a government property for me. another agent is saying that it is never good to buy a government property for investment as no one will want to rent or buy it from me later...what's the deal?

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COMMENTS
Loyd Grossman is Miss Venezuela 12 yrs ago
I don't think you can buy government property. Some government flats have been put up for auction/tender but otherwise I don't think you can buy it through an agent. I assume what the agent means is that the owners don't have proper title and are illegally using government land. I really wouldn't buy a village house in the NT if I were you.

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punter 12 yrs ago
It can be an HOS flat old enough that the owner can sell without paying rates.

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kissy.missy 12 yrs ago
ok thanks. best not to buy a government property...or a village house then.

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punter 12 yrs ago
It's okay if it's an HOS flat.

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Loyd Grossman is Miss Venezuela 12 yrs ago
Yes, an HOS flat is different.

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