8 Waterloo, simply put, is just a typical recent residential development located right next to YMT subway station.
The developer tried to market it as upmarket property when they first launched the development thru glamorous ads campaign - it is rather funny considering the location: right across the street to the west is a household waste collection building (rather poorly run); a block away sits the defunct YMT cinema & fruit wholesale market "chaotic" is the right word, nightly RIGHT AFTER midnight with all the trucks unloading/loading fruits and crates plus all the manual labour going on and trash thrown around freely & unchecked; to the south its the famous HK landmark or rather interesting thing to stumble upon but hate to be neighbourhood of, Temple Street Night Market, which runs nightly fr 6pm till 1130pm-ish; and last but not least there sit two coffin specialist shops rightly east to the site for the dearly departed.
I used to live around that 'hood and enjoy the exotic aspects of the area & its ppl. I treat it as a pad for nightly crash and love that I could reach anywhere in HK under 30mins. Nothing more.
However if I ever wanna purchase a flat in Hk I would rather shop around for something that has less negative aspects surrounding the location. Afterall some 97% of the population here is Chinese.
Rent before you buy gives u a much clearer picture of the property and location. Don't just jump right into it for the superficial market upswing. Understand that historically speaking around 65,000 flats are available in the HK market yearly. '07's drop to 55k is merely a dip thx to previous local administration's inept management and economic downturns.