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Patrick Chow

Q&A | Q & A with our experts

You have to prepare about HK$1.26 million to buy the flat. I think you should enter the market now. We saw the prices of two-bedroom flats rise sharply in recent weeks. The price of a HK$4.2 million flat would grow to more than HK$4.4 million in the coming six months. You will have to pay more for the flat and the cost would be higher than your expenditure for the second mortgage.

Patrick Chow is the head of research at Ricacorp Properties

 

The prices of the new housing estates would be out of your budget. Palm Springs would be a better choice for you. Though the housing estate is old, the property price growth is in line with the other housing estates. It would be a good investment to buy a house at Palm Springs as the future supply of houses is tight. Most of the new supply will be apartments. That's why new villa projects have recorded strong sales in recent years.

Sammy Po is a director at Midland Realty

 

Swire Properties will launch a new residential project next to The Floridian in Quarry Bay. It will cause the prices of nearby housing estates to rise. You could consider Taikoo Shing, Kornhill, Grand Promenade and The Orchards. The housing supply in the district is tight. In Kowloon Tong, you could consider the old housing estates next to Parc Oasis and the buildings at Prince Edward Road West.

Jeffrey Ng is senior executive director at Hong Kong Property

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