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Moving assets out of HK?

  1. #51

    Join Date
    Dec 2018
    Posts
    455
    Quote Originally Posted by bdw
    There have been at least 5 buying opportunities since SARS. The most recent was in February this year when prices were down 10% from August last year peak. Now they have fully recovered and back to peak. So you missed it. How much do prices have to fall before you will buy something? In the meantime, SARS was 16 years ago. Have you been renting for 16 years waiting for an opportunity?

    Good data - thanks for posting.

    The "lost opportunity" is not merely missing the chance to buy at lower prices, but missing out on incredibly cheap financing (HIBOR mortgages were below 1% for several years + offered a decent cash back) and paying more in rent as rents increased over the years.

    That said, given how big a commitment buying a property in Hong Kong is, I can understand how hesitant people are to jump in. Taking on that first mortgage loan can feel pretty daunting.
    bdw likes this.

  2. #52

    Join Date
    Feb 2015
    Location
    Hong-Kong
    Posts
    5,348

    @bdw, 823 had suspended its share buy-back program in ealy Jan this year.
    According to filings through the exchange, they resumed it yesterday.

    bdw likes this.

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