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Cailyn
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« on: October 10, 2011, 10:59:54 PM » |
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How much should I expect for a Flat H in Tower 16.
Please PM if you have any ideas/infos/flat.
Thanks!
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Cailyn
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« Reply #1 on: October 11, 2011, 07:32:38 AM » |
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Thanks Alan for your input. I meant what is the "reasonable" RENTAL price for the unit H?
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Chejai
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« Reply #2 on: October 11, 2011, 09:20:32 AM » |
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We left an A flat in Tower 15 in March which and were paying 14.5k when we left. They were asking 19k for a renewal. I believe things have come down since then so I would have thought 18k would be do-able.
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Cailyn
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« Reply #3 on: October 11, 2011, 10:15:58 AM » |
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Thanks Chejai,
18K! I don't know anything Hong Kong Real Estate Market but aren't price suppose to drop more? And what are the guys doing in front of tower 15-16? Is it going to be a high rise? Because in that case, CC rental prices should decrease sooner than any other property Tung Chung.
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Chejai
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« Reply #4 on: October 11, 2011, 10:53:46 AM » |
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Problem is that H flats are the largest in terms of floor space (marginally beating A flats) and Blocks 15 and 16 are the newest (and have the nicest bathrooms in my opinion). As such you can expect these to be the top end rentals in CC. You could push for 17K but that would depend on how high you are wanting in terms of floor.
In terms of building in front of CC, well the entire area will be covered at some point. New land leases are going under the hammer for some of the plots adjacent to the one under construction, but depending on how long you're planning on living in CC I think you're still a good few years away from having your views blocked.
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Cailyn
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« Reply #5 on: October 11, 2011, 01:04:03 PM » |
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Guess I am not talking to the right agency! I've been asked between 20 and 23K in Tower 16!
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moriel
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« Reply #6 on: October 11, 2011, 01:12:34 PM » |
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Speaking of rentals, wouldn't a tenant expect the rentals in CC to be a bit cheaper now owing to the down trend of the property market? If so, then why are some landlord still jacking up the rent upon expiration of a fixed contract??
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Cailyn
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« Reply #7 on: October 11, 2011, 02:47:19 PM » |
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Muriel, I can't AGREE more! It looks like Landlords are rushing to increase rents before the real downfall!
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charles
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« Reply #8 on: October 11, 2011, 04:05:36 PM » |
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no, the property agencies need to justify hiring so many staff. It's them and only them that have upped the prices by so much.
They keep mailing and calling landlords promising them rentals should go over 20 $/sqf, from about 10-12 no more than 2-3 years ago.
What has changed since then? Buildings are older, fittings are failing, taps are leaking. Perfectly good 7/11 has shut, local shops and restaurants are being expelled to make place for more property agencies.
Shops all over the place are being left empty (look around zentros), in whose favour is that?
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Cailyn
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« Reply #9 on: October 11, 2011, 04:34:00 PM » |
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Hi Charles,
I appreciate your feed back! Agents ARE pushing the rents high, their strategy works quite well... If any of you has a flat to rent please PM me!!!
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moriel
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« Reply #10 on: October 13, 2011, 01:42:18 PM » |
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my fixed year is about to expire and already the agent calls me to say that the landlord is adjusting my rent for an additional 1.5k... again when everyone knows that prop. market is going down... and i have to sign a document tying me up for another year??!?  i mean really... come on... is there no other recourse but to accept it or move out? |
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Cailyn
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« Reply #11 on: October 13, 2011, 03:53:57 PM » |
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garyhk
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« Reply #12 on: October 14, 2011, 12:50:00 PM » |
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Surely, its easy. If you think the hassle of moving is worth 1.5k per month then swallow it. If not, move on.
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charles
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« Reply #13 on: October 14, 2011, 03:35:34 PM » |
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ask for something on paper, that'll delay for a few months (if not 12)
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Cailyn
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« Reply #14 on: October 14, 2011, 09:16:13 PM » |
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What do you mean by "ask something on paper?"
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