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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (7160)	6/12/2006 8:44:36 PM
From: Riskmgmt	Read Replies (1) \| Respond to of 217887

HK has a low tax and high real estate price/cost policy, and so it evens out, but because the real estate belongs to self, and is in fact a form of savings/investment, especially if one has more than one units, or eventually intend to move out of HK. You mean low taxes on the Real Estate, right? As opposed to here, where it can be up to 2 1/2% per year. Actually, comparing some of the listing on that site in the 600 to 1,000 sq ft area, the cost is in the $700 per ft range. Here, similar condos would be a little more than 1/2 of that. Still given H.K.'s high prices the rental returns would be very low. I suppose everyone buying to rent is counting on the prices going higher. Now that sounds familiar. I think the time to have gotten in was after the Asian crisis sell off or the SARS scare, maybe I'll wait and see what happens with the bird flu.