[jimbo]

Originally Posted by chimo

2M will get you nothing, at best you will share a village house (1 floor only),

My point exactly, And one floor of a village house in the N.T will only give you a monthly income of approximately $4k to $6k a month at most depending on area.

[Skyhook]

Technically they would get 1400ft, if they were lucky enough to buy a top floor of a village house.

The fact that the original poster has 2 million cash to inject into a HK property, regardless of your HK jockey club perspective of HK property, he is right to feel a tad sceptical, considering his home property market has seen gains of 30% pa, and in many proven cases a lot more, especially area's like Pepperment grove in WA.

The original poster is part of a couple, and 2 dogs, so why is there even a debate about how much area the op needs ? It it was already established during the first few posts that they are willing to down size from their already existing WA 3500FT2 home cited on 8000ft2 block, to something around the 1st floor of a village house here in Hong Kong.
It was spelt pretty clearly that the OP doesn't give a sods about if the hk property market goes up or down, with no mention of renting out said property, with view to "owner occupying". The facts are, OP is only willing to invest $2mil, and he wanted advice on what locations best suit his " cash " budget needs.

There are plenty of top floors of Village houses available inc roof tops in So Kwan Wat, 5 minutes walk from the Gold Coast ( refer to map below ), 100's of them lol. Priced bewtween $1.45 Mil upto $2.1 mil.

Follow along Ka Wo Li Hill Road you'll find heaps of affordable property, , the 3 bedroom houses on Ka Fuk Lane also have sea views from the top floor balcony and roof tops for under $2 million.

Cant find much lol Pigs bottom, you cant.

[jimbo]

Hmmmm o.k and why are there so many for sale at the same time? Can't be good news if theres a saturation of property for sale in a given area.

[cordeiro666]

A budget of HK$2,000,000 will fetch you a 700 sq ft with sea front in Lama and Miu Wo or Pui O will be in the same budget for the same area; and that is for a village house.
Why dont you rent a place for a while and look around.
You can stay in a service apartment like Baybridge in Tseun Wan which is on the sea front for about HK$10,000 and then shop around.

[Skyhook]

Originally Posted by jimbo

Hmmmm o.k and why are there so many for sale at the same time? Can't be good news if theres a saturation of property for sale in a given area.

I was using a figure of speech Jimbo, with my there are hundreds comment, meaning there is good activity in the area. ..

It wasn't a literal statement, because there are only about 70 houses there ...



But anyway, there is a lot of property around in the OP's price range from Sham Tseng to Lung Kwu Tan.

Lantau and Lamma of course, Mui Wo is a bit of a lifestyle bargain, no arguments from me on that one, we've been looking at a 2nd investment property there too .

Tai Po to Sheung Shui
Sheung Shui to Yuen Long

Yuen Long to Tsuen Wan
Yuen Long to Tuen Mun
Tuen Mun to Sham Tseng

Loads of property in the budget.