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Hong Kong Property Price

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  1. #11

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    Quote Originally Posted by D.YU:
    Rental prices already dropped more than 15%. So the asset devaluating is only logical. But if only RE in HK was logical lol.

    I was looking at Lohas Park. They had a 3bdrm unit, 700 sqft, 10 years old, asking 10m back in May. Now asking 7.7m. @11k/sqft Is this as cheap as subsidized housing?
    Any clubhouse?

  2. #12

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    Dec 2010
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    Quote Originally Posted by Paxbritannia:
    Any clubhouse?
    Yes. Has more facilities than most. Bowling, gyms (yes multiple gyms), basketball/badminton, etc.

  3. #13

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    Quote Originally Posted by D.YU:
    Yes. Has more facilities than most. Bowling, gyms (yes multiple gyms), basketball/badminton, etc.
    But you have to tell people back home with a straight face that you just spent the best part of a million quid on a concrete cube on the 50th floor of La Splendeur within La Prestige at Lifestyle of health and sustainability park. Tough sell!
    TheBrit, Gatts and Plutark like this.

  4. #14

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    Dec 2014
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    This is too cheap, a steal; maybe there's something wrong with the flat.

    Quote Originally Posted by D.YU:
    Rental prices already dropped more than 15%. So the asset devaluating is only logical. But if only RE in HK was logical lol.

    I was looking at Lohas Park. They had a 3bdrm unit, 700 sqft, 10 years old, asking 10m back in May. Now asking 7.7m. @11k/sqft Is this as cheap as subsidized housing?

  5. #15

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    Oct 2010
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    Quote Originally Posted by james_hklocal:
    This is too cheap, a steal
    It is hilarious anyone can actually believe that.
    Gatts likes this.

  6. #16

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    Dec 2010
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    Word. I am not buying in HK regardless. The ROI is less than 2% with high risk of depreciation. But even at 7.7m its considered a steal in $/SQFT in HK!


  7. #17

    Join Date
    Jul 2022
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    people have deep pockets here
    past few years multiple crisis have shown that property price don't go down much
    money flowing into HK from many sources
    property market is commodity here

    because of above reason, it will not go down much.


  8. #18

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    Quote Originally Posted by Jontol:
    people have deep pockets here
    past few years multiple crisis have shown that property price don't go down much
    money flowing into HK from many sources
    property market is commodity here

    because of above reason, it will not go down much.
    So Hong Kong property prices have never fallen very much in the past?
    Hkemail888, qhank and Gollygordon like this.

  9. #19

    Join Date
    Dec 2009
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    There's also the currency aspect, especially for expats where your base currency may not be HKD. HKD has appreciated 10-20% against many currencies the past year, so HK home prices HAVE risen if you're denominating in EUR, GBP, CAD, AUD, JPY, CNY etc. A price drop would in part just be offsetting that too.


  10. #20

    Join Date
    Sep 2015
    Posts
    332
    Quote Originally Posted by hullexile:
    So Hong Kong property prices have never fallen very much in the past?
    they never fall brother. Hk prop price will just keep going up up to da moon (even though it’s in massive bubble territory and yielding very little and completely out of affordability) - sure win! (Like crypto NFTs peloton Netflix and ARKK etc)
    hullexile likes this.

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