Originally posted by test74 at 28-12-2021 11:56
Wondering if any bros have any intel/views on what's going on and outlook for HK property.
Especially the 'cheaper' locations like Tung Chung, Lohas Park, etc.? Also, short to medium terms implicatio ...
I bought a 4 BR (980 sq ft) in Lohas Park phase 2 in 2010 and lived there until 2015. I sold it in 2018 for $12 mil. It hasn't gone up much since, if at all. I think the development is hugely underrated. One perceived "drawback" is the inconvenience - that mtr ran at every 12 minutes during non rush hours and 6 minutes during rush hours (I used app to check schedules so there's not much waiting) and lack of shopping (a mall just opened a few months ago though). I think it's gonna improve as population grows. I drove most of the time and I didn't shop, so that didn't bother me anyway. Parking, (like everywhere in HK) is expensive - $4,000 to rent, $2.3 mil to buy.
I still own a 3 BR and I will hold on to it until the 20% discount to other Tseung Kwan O properties narrows. At $13,000/sq ft, it's a steal.
