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Boat in HK good idea and where?

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Boat in HK good idea and where?

Old 4th Mar 2017, 15:58
  #21 (permalink)  
 
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I don't own a golf cart in DB, but from what I hear, they are indeed, a better investment!
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Old 5th Mar 2017, 00:22
  #22 (permalink)  
 
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Gold Coast IS allowing boat sales with debenture and associated water.
Movement was halted whilst the new management got a grip on the mess left behind by the previous encumbants. Normal service has been resumed.
I understand this is a rumour network but at leat try and find out if the rumour you a regurgitating has some basis in truth.
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Old 5th Mar 2017, 02:49
  #23 (permalink)  
 
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I did state that GC was the most stable of the lot; the mooted MTR stations/lines are at the planning stage and aren't even gazetted yet.. I would agree, however, that it is a great way of life..Caveat emptor..twice in this case
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Old 7th Mar 2017, 12:47
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What about all the Junk mail you might receive?
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Old 12th Mar 2017, 08:04
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Well, there are 30 year old junks in the Marina worth 6 m + (about 6 X what they cost new). So....
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Old 24th Mar 2017, 09:45
  #26 (permalink)  
 
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We will only leave the marina if leaving HK

We tried to buy a $3.7 flat but could not justify 19.5% duty that would result in a million dollar loss just for signing. We then considered the risk / cost of a boat and I can say that the only way we're leaving the marina is to leave Bong Kong.

We have 2,500 sqft, 3 beds, 4 bathrooms, 2 lounge rooms, 2 decks, good kitchen, a double office, a laundry room and plenty of storage. In all that we were able to have the main fridge, the beer fridge, the standby beer fridge and the wine fridge - a BBQ too.
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Old 27th Mar 2017, 18:46
  #27 (permalink)  
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When buying, brokers seem to be asking for 5% commission, is that normal or are there brokers that don't charge the buyer?
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Old 28th Mar 2017, 02:31
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Usually, no commission charged to the buyer. Seller pays 2-3%
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Old 28th Mar 2017, 05:44
  #29 (permalink)  
 
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Make an offer, no commission (seller pays commission). The only other method is 1% from both buyer and seller. Asking prices are starting to head back up again now that the deal is in place. Best years of my life in HK were living on a boat in DB. Miss every day I had there, was like a vacation.
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Old 4th Apr 2017, 09:06
  #30 (permalink)  
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Thanks for all the info. Also someone mentioned CX wont pay for the mooring, how do you get around that (without spending a small ransom on one?)
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Old 4th Apr 2017, 14:27
  #31 (permalink)  
 
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Tread carefully

Basically you will find it hard to get around the mooring costs. Most agents and sellers will try to include this in the price of boat. Be careful this is specifically not allowed and you might be liable or worse if company question value!!!!
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Old 5th Apr 2018, 02:45
  #32 (permalink)  
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So, what's up for having a boat in DB or GC at the moment?
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Old 5th Apr 2018, 03:04
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Well, when you correct your grammar so that we can figure out what it is you are asking, i'm sure someone will let you know.
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Old 5th Apr 2018, 04:31
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Old 5th Apr 2018, 06:48
  #35 (permalink)  
 
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The mast would be ‘up’ unless the boat has capsized.
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Old 5th Apr 2018, 14:35
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Gold Coast Country Club states, in their club rules you sign up for, specifically prohibits the use of their marina for livaboards, now euphemistically known by brokers as stay aboards.

The Hassle is just about to be reignited again for livaboards, with the predicted rise of mooring costs and service charges.
Rumours of a 40% rise . This equates to around $25000/ month for something under 64 feet.

Marina living, Its never been about the money, but a few have made some decent cash buying n selling their boats (with a debenture) . Especially if CX is paying off the loan.

The gravy train has left. If you are able to get the GC to transfer the debenture ownership, good luck.

Its always been your boat, so you can always sail it to phuket.
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Old 5th Apr 2018, 23:39
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Originally Posted by Flapslat View Post
Basically you will find it hard to get around the mooring costs. Most agents and sellers will try to include this in the price of boat. Be careful this is specifically not allowed and you might be liable or worse if company question value!!!!
Iím guessing if youíre in the DB marina as the final months of your debenture tick down, this is the least of your problems. Hoping a solution can be found.
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Old 2nd Sep 2018, 09:13
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To the guys in DB Marina the very best of luck. I hope that you can all salvage the most possible from the terrible situation you have been plunged into. I used to live there, it was a fantastic community and I never thought that it would come to such a cruel and heartless end.
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Old 2nd Sep 2018, 10:20
  #39 (permalink)  
 
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Originally Posted by Dragon Pacific View Post
To the guys in DB Marina the very best of luck. I hope that you can all salvage the most possible from the terrible situation you have been plunged into. I used to live there, it was a fantastic community and I never thought that it would come to such a cruel and heartless end.
What happened?
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Old 2nd Sep 2018, 11:13
  #40 (permalink)  
 
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Originally Posted by Oasis View Post
What happened?
https://m.scmp.com/news/hong-kong/so...faces-eviction
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