OK, looking at buying in HK.
I guess just looking general advice on buying and also the market. I've naturally done quite a bit of research and a lot of advice would be very subjective and dependant on the particular circumstances. I guess I'm just after general advice.
I am looking to spend up to HK$4m and want a 2 bed place, around 500+ square feet.
I've been looking at properties mainly in the Mid Levels, Wanchai and Sheung Wan.
Mid Levels for me was not good value.
In Wanchai saw some places, including Zenith. Flats in Zenith were within my price range, and it has good facilities, however the flats are TINY.
Saw some nicer places in Sheung Wan, including Manhattan Avenue and Queen's Terrace.
I guess, first thing, do people think it is a good time to buy at the moment? i.e. prices too expensive and the market may drop?
My rational for buying is that my rent is going to increase next year and it will be around the same as monthly mortgage payments. I would rather the money go to paying off mortgage than in rent.
I guess the next question is choice of living. The flats in Queen's Terrace are of a decent size, however the property has no facilities. As for Manhattan Avenue, the flat is small, but not too small and its partly furnished (fitted wardrobes, etc). On top of that Manhattan Avenue has club facilities. Both have good transport links, although Queen's Terrace is further away from SOHO.
Arrgh, choices, choices!!! Any words of wisdom, advice would be greatly appreciated!!