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With Hong Kong flats out of reach, young buyers seek home ownership in Thailand, Japan

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  1. #1

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    With Hong Kong flats out of reach, young buyers seek home ownership in Thailand, Japan

    http://m.scmp.com/property/hong-kong...home-ownership

  2. #2

    I have some friends priced out of Hong Kong looking at Hokkaido, a premium market for a growing snow sports market in Asia.

    Buy a small studio with cash, use the income towards rent in Hong Kong, enjoy a premium holiday destination on the cheap. Live debt-free and enjoy life.

    Last edited by civil_servant; 26-12-2017 at 01:37 PM.
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  3. #3

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    I would like to buy a second investment property. HK is out of the picture due to stamp duty and well the high cost here now. I'm actually considering Japan.


  4. #4

    Another friend of mine buys coconut farms in the Philippines (wife is Filippina) and uses the income towards his rent. An investment that has long-term growth potential. He's a stay-at-home dad who lives debt-free and enjoys life.


  5. #5

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    Then where? Not really keen on Thailand or Malaysia.

  6. #6
    Quote Originally Posted by pin:
    Then where? Not really keen on Thailand or Malaysia.
    Depends on what you're hoping to gain.
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    Quote Originally Posted by civil_servant:
    Another friend of mine buys coconut farms in the Philippines (wife is Filippina) and uses the income towards his rent. An investment that has long-term growth potential. He's a stay-at-home dad who lives debt-free and enjoys life.
    But this is not viable for the average middle class in Hong Kong. Their simple aspiration is to by a home in their home city but the executive branch puts the needs of property developers it needs before the people it doesn't,
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  8. #8

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    For me, Spain. I speak Spanish well enough to get around entirely in español, prices aren't high and I like the quality of life.
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  9. #9
    Quote Originally Posted by East_coast:
    But this is not viable for the average middle class in Hong Kong. Their simple aspiration is to by a home in their home city but the executive branch puts the needs of property developers it needs before the people it doesn't,
    Home ownership is not a need. It is not a necessity to live a fulfilling life, nor is it necessary for cities to aim for high home ownership rates in order to provide a good quality of life for its inhabitants. On numerous threads it was already stated that Hong Kong offers plenty of alternative tax-free investments, which can be used to offset increases in living costs.

  10. #10

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    Quote Originally Posted by civil_servant:
    Home ownership is not a need. It is not a necessity to live a fulfilling life, nor is it necessary for cities to aim for high home ownership rates in order to provide a good quality of life for its inhabitants. On numerous threads it was already stated that Hong Kong offers plenty of alternative tax-free investments, which can be used to offset increases in living costs.
    It is not just about investment but owning your home.

    It is not a need but a very strong desire. Having a government that takes the choice away from the majority of the public is not very pleasant.

    With an un-elected government mass relocation is possible. Owning your own home gives you social security as well as financial security.
    Last edited by East_coast; 27-12-2017 at 01:19 AM.

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