[Janet Jiang]

Buying is not wasting. Buying is saving. My husband and I bought an apartment a year ago. If we sell it now, we know we can already make some money.

[smelly]

Wow. If you're renting at over %30 of your salary then find a cheaper place. You will obviously save a ton of money.

There are deals out there. When we first got here we moved to a new building and had 600sq ft. flat. Now we pay less and are in a 1000sq ft. flat. Older building, but MUCH happier.

and stay out of the expat areas.

[Unicorn]

Hi guys,

If you're thinking of buying, check out this new book: www.landed.hk. It's written by an expat who's bought and renovated three properties here.
That's very interesting!

[psampras88]

Bought my flat - my monthly mortgage interest paid to the bank is only slightly less than 10% of my monthly income (considering that the principal repayment is my savings)

Suggest all readers consider to buy instead of renting if you are here for a little while...

[psampras88]

The 'Landed' book is rubbish - not much added value - all common sense from a Gweilo who has had the courage to play the property mkt.

However I do agree that Buying property in HK is really easy and it is a very liquid market, where one can sell and cash in within a very short time.

However, it takes a lot of preparation work to identify value for money, usually in locations that are not common for expats.
Expat areas (Peak, MidLevel, South Side) are too expensive due to incoming expats with housing allowances, renting and pushing prices up.
Less known areas like Gold Coast, Sham Tseng and Sai Kung still offer good value for money.