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Relaxing view on one of Ma Wan's beaches

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Not a bad place to hang our on a day off, with a nice cold beer, bottle of wine, and a picnic blanket :)
I would add though, like all parts of HK, crap does wash up onto the beaches (especially plastic). This beach on Ma Wan, whilst not an officially Government sanctioned beach, is regularly cleaned up by local residents. Thank you for caring!!!




How to calculate Hong Kong stamp duty on property - update 2018

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It is time for me to update the guidance I provided on HK property stamp duty few years ago here: HK Stamp Duty on Property for 2018.
Whilst the principles remain the same (eg charge stamp duty, as part of various measures to keep the market from rising too quickly), the stamp duty calculation formula is a little more complicated. 
This increasing complexity is a shame, as Hong Kong has always prided itself on simplicity when it comes to doing financial transactions, as well as being a country (well now actually in fact a "city", albeit a very special one) that embraces the free market and abstains as much as possible from interference in the free market.
These "cooling measures" are intended to suppress value, (eg keeping prices down below what would be the case in a more open market). Sooner or later, when stamp duties are normalized, the prices of property in Hong Kong will move up higher as the many years of suppressed value is unlocked released. 
The Government…

Waterfall in gardens of Park Island Estate

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We really do live in a lovely place!




Gardeners on Park Island and an old man doing Tai Chi

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Beautiful photos that capture the moment perfectly.






Sky the Park Island Patrol Dog

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Many residents will know that beloved patrol dog Sky passed away last year, on 22 December 2017.
The Park Island patrol dogs accompany security guards on night patrol. They are apparently trained, much like police dogs are, although I am not aware of them actually ever putting their skills to use in catching anyone bad.
In the early days, the Park Island Management company apparently used to keep these dogs locked up in a cage in the dark in the daytime, and only allowed them out on patrol at night. Many older Chinese people really don't have a good understanding of how dogs think or how they should be treated.
However, fortunately, residents found out how these dogs were being treated, and educated management on a better way to treat dogs. Over time, more and more residents began to care for Sky and her life surely must have become more enriched, fulfilling, comfortable, and happy. 
Some people say dogs are man's best friend. Some consider dogs to be man's angels. And  for so…

Park Island apartments high record highs (again)

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My last post, park island property prices hit fresh.high, published in November 2017 noted that the price of property for sale on Park Island has followed a relatively constant growth trend since 2009. 
At that time, prices for Park Island apartments had just hit a fresh record level of $9619 psf. Today, prices are around 5% higher, at $10,085 psf (not just for Park Island but for the Hong Kong property market in general).
The most recent property price graph, along with my "back of the envelope" doodles, show where prices might go over the next 4 years. A price level of $13,000 psf by 2022 is certainly not out of the question.
As I have mentioned in previous posts, with every year of rising GPD in China, there is an increased cash-pile and consequent increased purchasing power, from the world's second largest economy, with over 1 billion people and a rising middle class, all of whom aspire to own property. 
Hong Kong is already a very densely populated city, with limited l…