Other useful renting.buying websites are:
General:
www.asiaxpat.com.hk
Soho, Mid-Levels
http://www.sohoflat.com.hk/eg_version/index.htm
HK Island
http://www.landmarkasia.com.hk/
http://www.habitat-property.com/
http://www.statelyhome.com.hk/
Sai Kung
http://www.epdc.com.hk/1english-main.htm
South Lantau
http://www.findleyleung.com.hk/profile.php
That should keep you busy until you join and then for the next 25yrs too!
Just to back up betaboys good advice.......'most' people at CX are sitting tight at the moment.
The property market boomed after SARs and seems to be making a long overdue correction (but its HK, it could boom again next week without warning).
Banks and particularly developers are starting to lower mortgage rates and offer significant incentives.
After SARs, you could buy a place for 0% deposit and they would give you 7% cash-back!
I dont think we'll see that until bird flu hits!!!! And that is another reason people arent buying now!
The standard HK rental agreement is 2yrs, but after 1yr you can break the agreement with 2mths notice.
My advice to you, is to rent when you 1st arrive. 14mths is about the right amount of time to get the lie of the land in terms of location, price, air quality and access to work etc.
Cant help you with Discovery Bay. I wouldnt go there if it had the last porcelain toilet in the world and Id just done a 76hr Delhi trip!