[pinko]

Originally Posted by Alby

How does one evaluate if a property is difficult to resell?

One looks at 1) the length of time a property stays in the market before finding a buyer, and 2) the number of vacant properties.

For the first, of course it's all a matter of price. The lower the price, the quicker a property goes.

[Alby]

Originally Posted by pinko

One looks at 1) the length of time a property stays in the market before finding a buyer, and 2) the number of vacant properties.

For the first, of course it's all a matter of price. The lower the price, the quicker a property goes.

Thanks Pinko.

"Vacant properties" can you ellaborate as I have heard that it is common for property investors to leave properties vacant as it increases resale value.

What about these factors when evaluating property:

• number of owners
• structure/building age
• location

[pinko]

Originally Posted by Alby

[*]number of owners

What do you mean???

[Alby]

Originally Posted by pinko

What do you mean???

How many different owner has the property had?
Such is 2nd hand, 3rd hand, 4th hand....

[walkup]

Originally Posted by Alby

How many different owner has the property had?
Such is 2nd hand, 3rd hand, 4th hand....

who cares? it is not a car!

[Skyhook]

Actually I tend to agree with Alby a little on her point partly, whether its was her interpretation or not..

Transaction history can tell you what kind of yield or profit (property flipping ) performance the property you are looking at purchasing has achieved over a given time frame, paying close attention to the swings, between owner to owner.

Some apartments have moderate to small amounts of swing between buyer to buyer, some have mega amounts of swing. Transaction history will show you all the ups and downs of the past, which, with some degree of certainty, providing the property remains popular with buyers, will continue to achieve similar up and down activity, providing the property market functions cyclically.

Our property has a swing of 3 million HKD at the moment we are sitting just below 50% of that peak swing potential.

[Alby]

Originally Posted by walkup

who cares? it is not a car!

Walkup that was my attitude until others I know who made purchases in the past said that this was a factor that they consider for the reasons stated by Skyhook.

[pinko]

This is the strangest thing I ever heard.

Who cares if the property price went up and down in the past? The important thing is what it will do in the future.

In any case, I would rather buy a property with little up and down swing, in case I have to sell in the middle of a down swing because that's when I leave Hong Kong.