[Metallic]

The past few days, Tung Chung had been swamped with property agents and buyers of Le Bleu Deux. I thought most people are cautious on HK property right now, but this one still attract a lot of people (or at least propective ones). what's the prospect on this development ?

[panda05]

The stock market is a good leading indicator for the HK property market with a lead time of 6 months.

There has been massive wealth destruction over the last 9 months, the economy is slowing down, unemployment will likely rise and the next salary increase will probably be less than the inflation rate. Moreover, there is quiet a bit of supply coming onto the market in the next few months plus investors who might offload their investments after the market has started to drop.

[gentlebob]

buy one now, full stop.

only low rise in TC

Right on water, beautiful.

TC is bucking HK market and LBD will lead the way.

[panda05]

Originally Posted by gentlebob

buy one now, full stop.

only low rise in TC

Right on water, beautiful.

TC is bucking HK market and LBD will lead the way.

It is selling at 20% premium to the secondary market. Soon the next phase of Carribian Coast will be launched and the secondary market is going down. Add the 4% transaction cost on it, so you are looking for a 24% increase in the secondary market just to break even. Good luck in the current environment.