Hong Kong property prices falling?

[frankl]

mrsmon,

Don't pay any attention to PDLM He relishes playing
the role of a curmudgeon who doesn't suffer fools gladly
or at all, but I've seen him take the trouble on several
occasions to be helpful to a newbie, and he has an enviable
cache of bookmarked websites . . .

Speaking of which, I believe most of the major property
agencies' websites have historical transaction information
repackaged from the land registry; here is one that
may have what you're looking for:

Ricadata - Home Page

[hktraveller]

Centamap has real transaction data.
The website is not very easy to navigate though.
1. go to http://www.centamap.com
2. select English
3. go to the building you want to check.
4. scoll down on the left side until "property listing" and select ...more information
5. select the tab "prop transactions"

Now if you wans to see a full year (the obvious selection allows a max of 180 days) choose on 2007 and then again 2008 and submit.

After getting the results, simplky chose another building and the settings remain the same.

[sterling168]

how much have property prices drop?
will they drop a lot by next year (around may-july)?
i am looking to buy an apartment in the fortress hill/tin hau area. i think metrotower is a nice place to live.

The property price may drop further, but the specific unit that you want to live may not be always available especially if its not big development area. However, if you can only be ready to have enough funds by May-July next year, then look for available units by then.

[araucaria]

You enjoy being difficult don't you...First of all, it's pretty easy to see the same places advertised in the window of agents day after day and notice that the prices asked are lower now than they were three months ago. With or without an X through the price... Would that also be naive?

Now if you have something constructive to offer instead of a vapid comment, we look forward to see it...

Maybe I should share this red dot comment I received recently:"if you're not careful you'll turn as anal as PDLM"

Was there any truth to that?

If you considered yourself a financial whizz, hated ever being proved wrong and had shelled out on a property at the top of the market you too would be in denial.

[eddiew888]

Try Centanet.com for all the actual past transaction prices.

Also in defense of PDLM....I sometimes do find it unbelievable that some people DO seem incapable of navigating a search engine :T

[mrsmon]

Thanks chaps, no offence taken. It takes all sorts !!

[chimo]

Or you can check out this to get a general picture of the trends:
Centa-City Index

[pinko]

While this provides opportunities for cash flow backed investors, those seeking a loan might be in for some frustration because many financial institutions capped their applications due to their own cash flow problems.

A friend of a friend wants to sell her flat and reached an agreement with a buyer. The buyer gave her a HK$100,000 cheque as a deposit, but then couldn't find a bank willing to subscribe the mortgage. Result: he lost HK$100,000, and my friend made HK$100,000.

[hktraveller]

A friend of a friend wants to sell her flat and reached an agreement with a buyer. The buyer gave her a HK$100,000 cheque as a deposit, but then couldn't find a bank willing to subscribe the mortgage. Result: he lost HK$100,000, and my friend made HK$100,000.

It is usually a good idea to think before acting. That lack was your friend's friend's luck.

[freeier]

that can happen, it can also mean within the 1mth period of the 100k worth option, the property price could have fallen by more than 100k HKD and your fren ended up being worse off.