Originally Posted by Skyhook:
Not for much longer
........
3 have closed down over the last month, and I dare say 70% of them will be gone by the years end. Property sales turnover in Sai Kung has stagnated for the last 6 months and I'd say ( thankfully ) that most wont have deep enough pockets to see out the year, if not the next few months. I look forward to useful shops that the Sai Kung community wants/needs as opposed to a whole street full of Estate agencies.
The best agent in the area isn't located in Sai Kung Town, but she is located in Razor Hill/Clearwater Bay. She's a Cantonese speaking HK born Brit,( ie a Batgung) and she's lovely. We have used her for a number of property transactions and she's been ace.
If you want her contact details I am happy to PM her company name and number to the original poster....
Rents in any of the nicer villages that are situated a few metres walk from the roadside ( Bus Taxi etc ) with easy vehicle access and, or, parking are up around $16,000hkd pm ( contemporary renovated 2 bedroom place). The cheaper places that were mentioned are for 2 or 3 bedroom village houses located in the older ( not so pretty ) crammed villages behind the tyre shop between Fuk Man road Sha Kok Mei road end of Sai Kung Town.
Bare in mind that places like this are cheaper for a reason. Hopefully you wont have much stuff to move, because its going to be a fair pain in the arse getting furniture delivered from the roadside up the narrow quadrant of paths that likely the cheapest houses suffer.
Good luck with that....... Or look further a field, Tai Po near the Wishing Tree / Mah On Shan, behind or near the Thai restaurants, because, a shitty situated village house will become a real PITA during the rainy season.
Sai Kung property prices have just started to lower ( 10% ) in our area, which wont help rents any. I'd imagine Sai Kungs spastically high rents will remain steady for at least a year, possibly 18 months before things settle back down to normal. HK academy spiked rents by 40 - 100% in villages close to the school, especially Tai Wan Village. Prices almost doubled once HK academy staff were deployed into the area...
They have pissed off a lot of ( long term, lower income ) European residents that have to pay rent out of their own pockets ie who dont get a housing allowances...