Hi curious to know if there are any active aussie expats currently investing in the HK market here?
After 7 years in this great & busy city i’m now a HK resident & contemplating using funds here for an investment in the low end market, tuen mun / tsuen wan around the 3 million mark, Im aware of the 3% stamp duty, 30% deposit required & the likely 3% yield however I believe that the prices per square foot for established apartments has a ways to increase & catch up the the high prices that are being paid for new. I also think the Aussie should go lower in the next couple years once the U.S begins increasing rates which obviously would be good to hold an assets here in HK dollars as the currency is pegged to the U.S dollar. Anyway it’s early days & have a lot more research to do but interested in hearing what other experienced investors are currently doing here. Thanks in advance!I know people that have sold in Hong Kong to buy in Australia.
Cheers
Andrew
superAndrew | Property Analyser and Finder Tool
https://property-analyser.com.auWhy not take a look at investments in Singapore?
The rate of appreciation would be much faster.
Currently, all developers have lowered their price
on new developments. Most centrally located 3 bedroom
apartments are asking for about S$2000psf plus minus.
The sizes for the 3 bedroom condos are between 1100-1400sqft.
Previously, prices would have been between S$2500-S$2800psf.Sam | Sam Yap
Email MeHi Stevie2013, congratulations on becoming a PR in Hong Kong. I bet you must be very excited about attaining your residency and having the opportunity to invest like a ‘local’ would. I haven’t lived in the country for a couple of years now, but if you want to send me a PM about your thoughts and ideas of investing in HK, I may be able to share some ideas and information with you.
cheers, nyc88
I’d be weary of HK – one of the world’s reddest spots as far as bubble potential goes –
http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/10746623/Financial-typhoon-warning-for-Hong-Kong.html
http://www.khaleejtimes.com/biz/inside.asp?xfile=/data/opinionanalysis/2014/February/opinionanalysis_February19.xml§ion=opinionanalysisGenerally speaking, I try to avoid places with such a disparity (rich/poor gap) – if apartments cost millions of dollars, but street food can be bought for $1-5 (I think the average HKian needs to put aside over twenty years of salaries to buy a place these days), you know there are bad news in the pipeline.
Also, how’s your monthly cashflow there? Is it purely a speculation play, or is there any money in the bank to be had monthly too?
Ziv Nakajima-Magen | Nippon Tradings International (NTI)
http://www.nippontradings.com
Email Me | Phone MeZiv Nakajima-Magen - Partner & Executive Manager, Asia-Pacific @ NTI - Japan Real-Estate Investment Property
Hi curious to know if there are any active aussie expats currently investing in the HK market here?
After 7 years in this great & busy city i’m now a HK resident & contemplating using funds here for an investment in the low end market, tuen mun / tsuen wan around the 3 million mark, Im aware of the 3% stamp duty, 30% deposit required & the likely 3% yield however I believe that the prices per square foot for established apartments has a ways to increase & catch up the the high prices that are being paid for new. I also think the Aussie should go lower in the next couple years once the U.S begins increasing rates which obviously would be good to hold an assets here in HK dollars as the currency is pegged to the U.S dollar. Anyway it’s early days & have a lot more research to do but interested in hearing what other experienced investors are currently doing here. Thanks in advance!Hi Stevie, I was over there for 5 years on and off trading and writing. I bought a unit in Discovery Bay, loved it over there, great facilities, 20mins from plane to front door by bus, great mountain trails and great expat community. I can offer you one piece of advice, try to think and work in one currency. When I was trading there, there was an inverse correlation between the HK (Us currency) and the AU$. Whenever I picked up on one currency I lost on the other, drove me crazy. The trading and banking system tools are the best in the world in my opinion and lucky you, no tax for investors, most tax efficient place on the planet, if it wasn’t for the fact I have family here, I’d be there with you. Enjoy and keep us updated on your game-plan.
Cheers
VandoVando | Surf&Yoga
Email MeExperienced property developer offers passive investment... 9.64% net PA, no gearing.
Hi Stevie, I lived in Hong Kong for the past 27 years and bought some properties before. You might consider buying properties in Taikoo Shing. The rent and tenant quality is always better in that area. Or if it is too expensive, a cheaper alternative will be in Quarry Bay. The area has become a commercial area with grade A office building such as Island One. Nan Fung Sun Chuen is a old, but great complex for renting out. Don’t go for the northern part of the city. The growth might not be that fast.
Riky Hidajat | Xinifangzi.com - Sydney Off The Plan Property
http://www.xinifangzi.com
Email Me | Phone MeSydney off the plan property consultant
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