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hi..
whether 3 or 5 years. the idea of purchasing an apartment in hk is just weird. not sure which line u are in but if u are in finance then u'd know that rental yield lower than cost of fund is just not a way to 'buy'.
so what you are buying is a lock in of price. it can mean good or bad, depending on how the market move subsequently...
hk property is artificially inflated by
1. large property developers that have reason to always assure eveyrone that prices of property is going up 6mths down the road.. and at the same time they are slashing 20% off their listed price
2. property agents that are pushing for a quick sales and telling everyone price will continue up
3. newspaper taking tonnes of property advertisement
4. people on the streets that are invested in property and can't bare to see the price goes down.
etc.etc.. if 50~70% of the hang seng index is involved in property development, u can imagine the determination of the world to push up the prices.
so u have an artifically inflated property market supported by hypes. everything will do well in a property economy, even though investors have to subsidize the tenant renting their property.
but once u hit a slow down or downturn, the collapse of property price will be spectacular!
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