Q & A with our experts, May 8, 2013
A: The two projects you mentioned are prestigious developments that have attracted wealthy buyers who are less likely to sell their properties even when the market fluctuates. They would generally prefer to lease, rather than sell the flats. Therefore there aren't many offers on the market and you may need to wait for some time before a good one comes up. Location-wise, these projects are in the most prime areas of Kowloon and their prices therefore will fall at a slower rate during a market downturn, but climb faster when the market is rosy. Although it may be possible to find a flat at a slightly lower price, in the case of a flat offering a good view this will be harder. You may wish to consider a smaller flat at The Waterfront or other properties at Olympic Station.
A: There are small village houses with floor areas of about 300 sq ft in Yuen Long that may fit your budget. But these houses are not located in the city centre. You can visit the small villages in Yuen Long and find the local agencies to help you.