Which real estate agent to use for Park Island?

Which agent is the best for Ma Wan / Park Island is a question I get emailed many times.

When looking for an apartment on Park Island you can simply come over and visit one of the many estate agencies on Ma Wan. You will see they list apartment in their shop windows, both for rent and for sale and they will give you their recommendations.

There are also a number of good websites you can use to get an idea of availability and prices.

But as with every type of service, there are some agents who really do add greater value than others. The following property agents have been recognized for their quality of customer service, honesty, and expert knowledge of the Park Island estate and the Park Island property market.

Tim Hung - Midland Realty
Email: tim.km.hung@midland.com.hk, alucardhkm@gmail.com
Phone: 68088950

Bruce Lai - City Resort Property Limited.
Email: cityresort@yahoo.com.hk
Phone: 97183169, 92213207, 94525000, 34461386

Alan Chow - Centaline Property
Email: shui.chow@hotmail.com 
Phone: 67790106 

Good luck your property search!

Comments

  1. Hi,

    I am looking for a 2 or 3 bed room flat to rent in Ma Wan/ Park Island Towers.

    Due to the present work schedule I will only be able to sign a lease period of 6 months however there are chances of it getting extended which i'm not sure at the moment.

    Can you please let me know if there are any flats available starting from December or January so that we can setup an appointment this Saturday to take a look at them.

    Please mail me or ping me at +852 6105 7571

    Please let me know if you need any further information from my side.

    Thank you.

    Cheers,
    Lasya Chitta

    ReplyDelete
  2. Hi Lasya. I am not an agent.

    However, I can tell you that half year leases in Park Island are definitely possible. Some landlords will not be willing to do it, but others will be quite OK with it (perhaps in the hope of knowing that you may extend it as your circumstances permit).

    I would suggest you let all agents know your requirements and let them go looking for you. They will speak to various landlords and I am sure will come back with some who are OK with it.

    Good luck!

    ReplyDelete
  3. There is big news ahead that will Park Island prices go up substantially.

    ReplyDelete
  4. Great, more money for mainlanders to buy in HK making it less affordable for HK people.

    China's central bank surprises markets with lending rate cut to 5.6 per cent
    Central bank's decision to lower benchmark rate by 40 basis points is first such move since 2012, and sparks global stock market rally.

    The People's Bank of China yesterday lowered its benchmark lending rate by 40 basis points - its first change in rates since 2012 - in an unexpected concession to pressures from a slowing economy and increasingly high borrowing costs. The changes take effect today.

    The central bank cut its one-year lending rate to 5.6 per cent and the one-year deposit rate by 25 basis points to 2.75 per cent with the aim of bringing real interest rates back to a "reasonable level", it said yesterday on its website. It also raised the ceiling on the deposit rate to 1.2 times the benchmark, up from 1.1 times.

    The measures will boost Hong Kong property prices as mainland investors look to buy abroad.

    "Today's move is a major - and largely unanticipated - change of tack," Mark Williams, an economist at Capital Economics in London, said in a note.

    The State Council this week said it would consider adding flexibility to loan-to-deposit ratios that restrict banks from lending out more than 75 per cent of their deposits. A change to the method of calculation for these rates would be the second adjustment to the rules since July.

    ReplyDelete
  5. These all all good agents. Bruce Lai is a little more slower and relaxed but he is trustworthy. These guys all know the estate really well, and have the best knowledge of prices and availability. Tim and Alan are good in that they can make deals work, for example arrange repairs prior to sale, or do a deal with the furniture in the apartment that the owner does not want or arrange for a leaseback to the tenants.

    ReplyDelete
  6. Could one of the agents via this forum explain the ins and outs of the stamp duty for HK property? We like Park Island and have a view to buy but the stamp duty payment seems unclear and we have heard varied things from various sources. We need to know, basically how much we would need to pay on top of the sales price when buying.

    ReplyDelete
  7. These r all good agents. Agreed.

    ReplyDelete
  8. Tim is good. I have worked with him before and find him honest and helpful.

    ReplyDelete
  9. I have worked with Bruce before. He is good - very helpful and follow through in detail throughout the whole process.

    ReplyDelete
  10. Prices on Park Island hit a new high this weekend and are now 10,300 psf. Next stop 11,000 psf for sure by end of the year.

    ReplyDelete
  11. As of today prices went up around 20% in 2015 and show no signs of slowing. Anyone who sold was very much upset now unless they bought a bigger place. Once out of market it is hard to get back in.

    ReplyDelete
  12. Prices are indeed on the rise. Its a symptom of too much demand and not enough supply in HK.

    ReplyDelete

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