Whampoa Garden Vs Kennedy Town

Hi all,


I am planning to buy a 2 bedroom flat (above 500 sq foot) either in Whampoa Garden or Kennedy Town and the budget is $2mil-$3mil.


I went to Hang Seng Bank last month and last week to ask for a mortgage rate but they kept on saying that they aren't providing the mortgage rate at the mo. Does this normally happen? I am not in a rush to buy a property so I can accept that kind of statement. One of my friends who is a financial adviser has suggested me to wait till the end of this year for the property prices to fall so that's exactly what I am doing.


We currently work and live in Central so Kennedy Town seems a better option. Since the MTR will be expanding to both areas soon, I am hoping that the resale value will be higher than it currently is. Agree or Disagree?


I would appreciate your comments on these subjects.


Thanks!

Thanks again for coming to the rescue, Loyd Grossman is Miss Venezuela!


Yes, I am in favour of Kennedy Town too but not sure whether the resale value from there will be greater than Whampoa Garden. I have been told that Whampoa Garden's properties will never get a loss on the money invested. Anyway, I am just more concerned whether the resale value of the property bought in Kennedy Town in 2009 will be higher in 10 years or so...? Especially after the extension of the MTR line.


Any thoughts?