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seems like hk property price has come down a bit

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  1. #1

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    seems like hk property price has come down a bit

    since few months ago. chinese property price has came down also, so thinking about wait til end of the year or early next year to buy.

    i thought the market is good right now until i check out how many property are listed vs number of buyers.


  2. #2

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    Where are you getting your information from? HK prices have not come down at all. In fact they are still rising faster than ever. The CCL is now at 83.51 (up 3.23% from the previous month).

    There is a lot of talk about pending doom and gloom. This may happen, but right now it is all talk and there is no sign whatsoever of any slowdown.

    Also I dont understand your point about how many property is listed vs number of buyers. But one thing I am failrly sure of is that if prices do crash, the number of sellers will dry up. HK people are generally sitting quite nicely with max 70% mortgages and a fairly well cashed up. So they are in a good position to weather any pending storm and the only people selling will be those who are faced with a personal problems such as losing their job. If prices crash, good luck actually finding someone willing to sell.

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  3. #3

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    so...bad time to buy in HK then?


  4. #4

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    Property stocks are coming down this week since the government reintroduced a measure last Friday to cool down the market. In my opinion, It would be best to wait and see what's going to happen in the next few weeks...


  5. #5

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    I admit I probably would not buy at current prices and they seem high, but then again people were saying in October last year (when the Henderson Conduit Rd fiasco started) that prices were high and the bubble is about to burst. In reality, they have done the complete opposite. As it turns out, any who sold property 10 months ago because they thought prices were about to crash has made quite a big mistake since they can get 20% more now. Of course, holding property now might turn out to be an even bigger mistake. Only time will tell.

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  6. #6

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    depends on which type of market,, ie, luxury, ie, mid levels, south side, etc, actually has significantly increased, medium end of market, stablised, moderate increases, lower end, slowed down a bit, some places such as tung chung has lowered slightly.

    generally, if the gov sells pieces of land, the closed/final bid may be an indication or even influence demand and prices, ie, high end, record prices, med, moderate levels, modest end, some increases.


  7. #7

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    Quote Originally Posted by gilleshk:
    Property stocks are coming down this week since the government reintroduced a measure last Friday to cool down the market. In my opinion, It would be best to wait and see what's going to happen in the next few weeks...
    So they RE introduced measures that obviously didn't work before and does not affect most properties in HK. Don't put any money going short on property next week you'll have better luck on 18 red on a table in Macau. FYI - Properties in the areas being " sanctioned " are being bought with cash from mainland sources and not on a mortgage according to my sources.

    Unless the general market can find a downturn of 30% then not much is going to make people come out to buy that which has been on the market for some time. HOWEVER - there are signs of rentals coming down with a dearth of investment properties standing empty and the market stagnating. For me personally we are moving BACK to our own apartment, do some decorating and sell it into the trade if we can find a bigger investment property, in another area. This is how we got our place before and will clear 50% return in 2 years. Buying and selling in the trade is a good way to keep your investments active rather than the tradition market.

  8. #8

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    I'll take stocks over property any day of the week. Some people will argue that you can't live under a piece of paper however, it's easy to liquidate some assets quickly and react to the market rapidly and you never have a lot of funds tied up in the same place(unless you're a fool).

    No upkeep, no tenants, no leaks, no decorating or renovating. Been there, done that, made money but not interested in it anymore.


  9. #9

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    Horses for courses.
    The HKeX is a lottery and one should do what one knows. Tried that didn't like it.
    Horses for courses.


  10. #10

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    The difference between the market and the lottery or casino is that the odds are not stacked against you. Quite the opposite as a matter of fact...

    Just like a good poker player will always win in the end, someone that buys and sell with research will always outperform real estate in the long run. The statistics are there to show it...


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