Anyone got any expertise in the Hong Kong property market?

well mikkad one of my girlfriends is chinese and I have a a couple of chinese frends.Annectdottally they say that mainland china apartments require 50 years of average income and hong kong is even more expensive.Now they are talking average jobs I think.Regardless I think you may find the investment is very high , the rent returns low.Apparently most profits come from re selling the properties.A mainland guy told me his father{ who owns a factory} and his friends are buying and selling properties on a monthly basis and doing very well.
Its just some to consider if you are checking it out.

just this afternoon walked a gauntlet of street salesmen outside Hung Hom station (where the trains from mainland China stop) trying to sell property to mainlanders straight off the trains

HK does have a very serious land shortage in the central areas, as well as a government determined to keep the population growing

on top of this, you have the low rates courtesy of being pegged to US monetary policy, and the cash-rich mainlanders becoming more and more prominent

HK has always had crazy booms and busts in property though, the swings are made even more spectacular by the uber-gambling nature of the Chinese and the fact that HKs interest rate policy is often totally out of sync with its own economy

arent bubbles fun?

I wouldnt be a buyer

thank you for your comments, any views on the commerical property side?

Every time I've looked at HK property I have always decided not to buy and, I think, I've been proven wrong every time.
Btw Sub, aren't you a little surprised to read that Mr Ben has a Chinese girlfrien after all his somewhat derogatory comments about Chinese civilisation.?

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