investment/ rental properties- Hong Kong

Some my friends told me the same as Kittie's suggestions, some not. But you also need to think about if the banker would like to do longer period for mortgage if the building is above 30 years old?

If - as homesweet suggests - your target market is expats, will the cohort of expats likely to choose your tiny and very old apartment be the type with regular, well-paid jobs (to ensure a stable income stream for you)?

I have an apt on Caine Road that is over 30+ years and I bought in 2004 and I am having positive cash flow after I substantially renovated it. Despite the 24 years of net cash in flow is barely enough to pay for the renovation cost, I still find the experience is well rewarded and fun to do.


I like to look for rare charm but that is my opinion but if you want to be safe, Kittie is right.



I don't like new flat is I don't believe you can make money while 10 thousand people are lining up for the same products. For me, I would only want to buy pre-sale brand new flats.... is when the market is really hit bottom like in 2003.... while you can see developer beg you to buy in and provide you free interest on 2nd mtg, free stamp duty and even 90 days free on your credit card...etc ... which I regret to admit that .... I missed it big time cause I was very stupid to think HK would submerge ..... after SARS