HK property advice: Lepont vs. LP6 vs cash



ORIGINAL POST
Posted by bsc1280 6 yrs ago
Hi all

After a decade in HK, i am trying to get my hands around a property in HK. Came across LePont in Tuen Mun and LP6 LP6 in loahs park


Pleaaaase help me with the queries below!
Price:

LP6: 500' 7M
Lepont: 550' 6M

Pros:
LP6:
12 mins walk to lohas park mtr through a mall
lowest end price in that area

Lepont:
Lower end price in that area, compared to Napa which is oppsoite
Lowe rise and green environment
11000 per sqft price.
bertter layput than LP6

Cons:
LP6:
aroudn 14000 per sqft.
Lohas park is also the end of area with lots of apartments

Lepont:
Lots and lots of projects coming in that area
No MTR near by
2 lane road and lots of traffic to be added due to new projects
lots of competition for tenants in that area.

Comments needed:

1. Shall I buy now? Your personal view on buying first proeprt in HK. I have a mere sum of 1.4M hk$ in bank
2. Shall I wait and bu at better timing in HK after proces come down like 30% or so?
3. shall I buy elsewhere where prices have more optential for upside ? Please suggest where?
4. if I buy, which of the 2 properties LP6 or Lepont would you personally choose? And why

thanks a lot for your help!

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COMMENTS
mjc23 6 yrs ago
Hi BSC1280, please check your inbox.

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gdep 6 yrs ago
i personally will go for LP6. Reasons

1. MTR connectivity is a good point
2. LP6 will be closer to Island east, Kowloon east (growing business hubs) and probably similar distance to central as Tuen muen
3. TKO has a better school network considering kowloon bay (will attract potentially more people to the area)
4. TKO new builds are probably on a declining trend vs Tuen Mun ? not quite sure
https://www.gohome.com.hk/new-property/new-property-2018-table/New-Territories/en/

5. TKO prices are not so much under pressure
6. Access to Saikung/CWB beaches, country parks etc.

Cons - anecdotally heard about landfill and smell issue at LHP , not sure its still and issue

Buy now vs buy later - LHP5/8?

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