To buy or not to buy
Hi Guys
Just wanted to get some opinions from guys that have had to make the decision in the past.
I'm joining the company soon and will be moving to Hong Kong. Want to know if A. Is it possible to purchase an apartment on an SO housing allowance? and B. Is it better to start building equity in a purchase immediately or should one wait the 2 years untill the allowance goes up (almost double from SO to JFO from what I understand). The way I interpret it is that a mortgage is sponsered for a cumulative of 15 years. Can you keep upgrading your mortgage to the maximum as the allowances increase with position upgrade? Finally what are the opinions on the investment value in the Hong Kong real estate market? Where is the best area to buy in?
Thanks Egg