My place in Midlevels was 1000yr lease from the handover, so had 990 yrs left or there about.
History lesson: Brits owned HK Island, so property there has much longer lease. North of boundry road, was leased from the mainland. After handover, all NT became 50yr leasehold (as part of basic law agreement)
in '97, Britain gave HK island to the chinese and returned the leased NT. Hence the Island property is a much better proposition than NT.
You may have mates with the odd village house. Well they will have a lease of 39 yrs left. After that , who knows. For HK and south of boundry road, its more protected. For now.
In London, leases of less than 30yrs tend to devalue the property significantly, as there are no guarentee of the lease renewal terms. The owner may want the land back! (NT case with the hk gov?)
As for prices, they will rise n rise. For once the stock market has had zero effect on prices, due to the mainlanders throwing their money over here.
Great!