Le Bleu Deux - what's the prospect ?

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  1. #1

    Join Date
    Nov 2005
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    Hk
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    Le Bleu Deux - what's the prospect ?

    The past few days, Tung Chung had been swamped with property agents and buyers of Le Bleu Deux. I thought most people are cautious on HK property right now, but this one still attract a lot of people (or at least propective ones). what's the prospect on this development ?


  2. #2

    Join Date
    Jul 2006
    Posts
    67

    The stock market is a good leading indicator for the HK property market with a lead time of 6 months.

    There has been massive wealth destruction over the last 9 months, the economy is slowing down, unemployment will likely rise and the next salary increase will probably be less than the inflation rate. Moreover, there is quiet a bit of supply coming onto the market in the next few months plus investors who might offload their investments after the market has started to drop.


  3. #3

    Join Date
    Jul 2007
    Location
    tung chung
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    47

    buy one now, full stop.

    only low rise in TC

    Right on water, beautiful.

    TC is bucking HK market and LBD will lead the way.


  4. #4

    Join Date
    Jul 2006
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    67
    Quote Originally Posted by gentlebob:
    buy one now, full stop.

    only low rise in TC

    Right on water, beautiful.

    TC is bucking HK market and LBD will lead the way.
    It is selling at 20% premium to the secondary market. Soon the next phase of Carribian Coast will be launched and the secondary market is going down. Add the 4% transaction cost on it, so you are looking for a 24% increase in the secondary market just to break even. Good luck in the current environment.