Sunday, July 10, 2011

Property madness #19: Holiday home

No I am not looking for sth as gorgeous as one in photo here. But indeed I had been thinking about a "holiday home" in HK, sth that's on beach, can be a rundown hut for all I care, as long as its got a roof. And I do strongly believe its way better to have it in HK rather than hours of flight away - at least you get to use it more often.

A look into my fav and close-to-town Shek O quickly proved the market has shot through the roof - a village house (not an Ocean mansion by any means!) 1600sqft asks for HK$30m (its probably got tons of illegal fittings in it as well, given the new HK rule). Was in Sai Kung a few weeks ago also; I am sure there are many choices, esp enroute to MacLehose Route and away from town, but I just havent got round to it.

Went to check out Lantau after A's recomm, I totally buy the "quality of life" argument and thinks it'd be fun to have a get-away place there. Was excited to see little charming houses in Chang Sa, only to find out that the one standing on the beach (500 sqft each fl, 2 fl, ground fl not incl; no deco at all) was sold, two years ago, for HK$11.8m. Thats totally city center prices! Golden Coast up north (away from the beach) has your classic suburb townhouse; 1600sqft ones go for HK$13.8m.

Perhaps, the most realistic option is to wait for next property cycle (3-4 years away?!); or simply go stay a weekend at Silvermine Beach Hotel - a nostalgic looking SE Asian-looking resort with its rundown charms near Mui Wo, looks more like a place from Burma or Laos than HK. For now, thats the better bet.

3 comments:

arnold said...
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arnold said...

I want to buy just the quality of life argument and thought it would be fun to have a place to get away from there. I was so excited to see the charming little houses in Zhang only to find out that one stands on the beach.


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Anonymous said...

It's indeed a very nice holiday home. For holiday owners in UK out there, I think it would be a good idea to sign in for Holiday Letting Agreement today.