Posted by
menthos
16 yrs ago
I've been here in Hong Kong for 3 years now and thinking of buying a house here. I'm working here on a working visa and not so sure if there is any restriction for non-permanent residents owning a property here in HK. Are there any restrictions?
Any advise/comment will be appreciated.
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no restrictions on ownership of real estate and residency..
Weir & Associates
Solicitors & Notaries
16th Floor Tak Shing House
Theatre Lane
20 Des Voeux Road Central
Central
Hong Kong
Tel : 2526-1767
Fax : 2868-3568
email : weirlaw@hongkonglaw.com
www.HongKongLaw.com/weirlaw
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Thanks everyone for the advise/comments.
I've decided to wait till this economic turmoil relaxes.
cheers!
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Buying property is not like buying a stock where news will be reflected into the price quickly.
When people are out of jobs, they may default on their mortgage payment and bank will sell their property in price lower than the market price. This low price will in turn become the indicative price in the market.
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I am an Licensed agent on Queens Road West. To buy or not to buy really depends on you. There are all sorts of owners in Hong Kong that doesn't rely on the world's economy but their personal economy. it really depends case to case on their personal motive. There is no short cut to owning an apartment as to getting a wife. The first thing is getting to know where, why, how you want to move into ownership...yes you might get a bargain, but I am sure you don't want an ugly one. You are welcome to have a chat with me at lindalaau@gmail.com
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