古惑強

Self-use or  Invesment ?

Self-use :  If you are currently renting a place then "YES", USD interest rate will stay at zero in the next 12 months at least, don't see any reason why the housing market would collapse in the mean time.  But you should aim for the 2nd hand market rather than those over priced / under sized / big club house (which you never use after the 1st month) type of new estates.

Investment - No comment, your own call!

古惑強

You should line up several factors and weight your options :

1) How much are you willing / able to afford (down payment + commission + decoration + stamp duty and monthly mortgage payment).
2) What size / no. of rooms etc.
3) Locations, how far away from work place, MTRC stations, School network etc.
4) Other recurring expenses : Public Transport, Management fee & Carpark cost etc.
5) Re-sale value (This is a very difficult to judge, as locations can fall out of favour, and a hot location today may be ignored by other buyers in 10 yrs time)

Once you have worked out items 1 & 2, you will start to be able to work out item 3, item 4 is probably the least of your concern but nonetheless will be a long term expenditure.

If you don't mind Lantau Island (expensive travelling cost & long duration), the housing estates over there are relatively under priced in this moment, but the school network really sucks!

古惑強

Mei Foo has over 90% usable floor space, so it is very good value.  With the newer estate, you will be lucky to get more than 78%.

You have to been very careful with so call new renovation, usually the currently owner pay minimum money to do the so call "Touch Up" of the flats to make them look like newly renovated, the touch pieces could fall apart soon after 1  year or 2.  Look very carefully into the walls for signs of small paint cracks to ensure it is not just a simple touch up job before sales.

古惑強

If budget allows then go for 3 bed room laa, it gives you a lot more flexibility when the kid(s) grow up, and you don't need to think about upgrade too early.

古惑強

Talk to Eric, I believe that besides being a Drug Lord, he is also a Land Lord, so he will be able to give some pretty good insight for you.

古惑強

Congras!