Kowloon Real Estate ... 
  Should I rent or buy an apartment in Kowloon, China?
China Travel and Hotel Guide

Kowloon Real Estate Calculator

Finding a Home In Kowloon
If you plan to rent or buy a property in Kowloon, finding your property will be a major step in your relocation to Kowloon. If you have not lived in Kowloon, you should rent rather than buy your property in Kowloon, at least for six months. If you would like to rent or buy a real-estate property in Kowloon you may email us at webmaster@cnta.hk with your real-estate questions.

It is the best way to know not only if Kowloon is the place you want to live or retire for the next few years, but also if Kowloon is suited for you.


Apartments & Houses in Kowloon
If you are planning on living in Kowloon, it is likely that you will be living in an apartment/condo versus a house.

Please make sure that modern equipments, such as electricity and water should function to the maximum. Please double-check and make sure electrical outlets are located in every room and functioning.

Make sure you turn on the water and make sure that hot and cold water is functioning and flush the toilet, turn on the shower. Don't count on real-estate agents in Kowloon to point out the negatives of a place they're trying to rent or sell you.

Kowloon Agencies
Real-estate agencies in Kowloon advertise in local Kowloon newspapers and as well on their office windows.

You should be able to notice a real estate agency in Kowloon by the window full of ads for the different apartments or houses they have available for rent or sell in Kowloon.

Before you begin working with an agency in Kowloon, check that their fees are acceptable and that they are a member of the Kowloon Real-estate Assocation. In most rental agreements in Kowloon most agencies charge a month's rent for a twelve-month rental agreement.

When selling a property in Kowloon, real-estate agents in Kowloon usually charge between 2.5% and 3% of the final sales price.
Monthly rent Kowloon:RMB
Monthly Kowloon rental insurance:RMB
Expected annual inflation rate in Kowloon:  %
Purchase price of property in Kowloon:RMB
Down payment amount:RMB
Length of Kowloon mortgage term (years):#
Kowloon Mortgage's annual interest rate:  %
Discount points on purchase of home in Kowloon:  %
Origination fees:  %
Other loan costs in Kowloon:RMB
Mortgage Insurance (PMI):  %
Kowloon Homeowner's insurance rate:  %
Monthly association dues in Kowloon:RMB
Average monthly maintenance of Kowloon property:RMB
Kowloon Annual property tax:RMB
Kowloon plus government income tax rate:  %
Interest rate you expect to earn on savings in Kowloon:  %
Expected percentage your Kowloon home will appreciate by each year:  %
Number of years you will stay in Kowloon:#
Kowloon Realtor commission rate:  %
Total estimated cost of renting a property in Kowloon:RMB
Total estimated cost of buying a property in Kowloon:RMB
After coming to an agreement on a rental or purchase, both parties in Kowloon sign the contract. However, it is not a legal agreement until the appropriate seals of the city of Kowloon with a tax stamp has been purchased and affixed to ther agreement. You have to make sure before finalising the lease or purchase that the official seal of Kowloon will be affixed to the agreement.

Renting
Real estate agencies in Kowloon are the safest way if you want to rent or buy a property in Kowloon. Please make sure they are a licensed agent in Kowloon and very familiar with the Kowloon property market.

Local newspapers in Kowloon also advertise apartments and houses for rent, but word of mouth is the best way in Kowloon. If you are currently an academic in Kowloon, you could check local at local universities in Kowloon, where apartments or rooms for rent are commonly posted.

In general rental rates in Kowloon, increase by a small percentage each year in accordance with the government's annual cost of living reports in Kowloon. You can find yearly leases in Kowloon, and more short-term housing is available near academic institutes or around tourism areas within Kowloon.

Short-term tourist housing in Kowloon is fully furnished and most of the time fully equipped. If you have the budget, you could rent a serviced apartment in Kowloon.

If you want to buy a property in Kowloon, I would highly suggest you to have the property checked out by yourself and hire a lawyer in Kowloon to check how much debts the property has currently registered and if those numbers matched with the seller of the property in Kowloon.

If you are buying a brand new property, you'll need to pay property tax in Kowloon. If your purchase is a luxury property, you may have to pay local taxes in Kowloon and possible stamp duty.

Even as a non-resident homeowner in Kowloon, you may become liable for all kind of taxes in Kowloon, including income tax.

Kowloon Mortgages
If you plan to take a mortgage in Kowloon you need at least a 20% downpayment of the purchase price of the property in Kowloon. Even if you generate rental-income from renting your Kowloon property out, it is not considered by most lenders as you may decide to move in, at a later time.

The Kowloon Real Estate calculator will help you to compare the costs of renting a house or condo in Kowloon to the costs of buying a house or condo in Kowloon. Since there are all kinds of forces at work behind the scenes such as the current interest in Kowloon, Kowloon property taxes, tax savings, appreciation in general to investments in Kowloon, comparing the cost of renting to the cost of buying in Kowloon is a lot more complicated than just comparing the monthly mortgage payment to the monthly rent payment.

The Kowloon Calculator attempts to forecast the net effects of all the hidden forces so you can make an informed decision before buying or renting a property in Kowloon.

Help Buttons: For pop-up explanations of any of the entry fields, click the radio button next to the description.

NOTE: Be sure to enter "0" (zero) in any entry boxes that don't apply to you. Also be sure that only numbers and decimal points are entered into the fields.

Property Types in Kowloon

  • Kowloon Multi-Family
    Traditional, multi-family residential complexes located in Kowloon and suburban markets of Kowloon.


  • Kowloon Mixed-Use
    Properties in Kowloon that integrate and combine residential with different uses, including retail and office spaces.

  • Kowloon Office
    Traditional office or office type properties in Kowloon.


  • Kowloon Retail
    Properties in Kowloon with a mix of tenants that meet the convenience needs of neighborhood residents, including video stores, grocery, and financial services companies within Kowloon.


  • Kowloon Light Industrial
    Single- or multi-tenanted spaces in Kowloon used for warehouse, manufacturing, distribution, or research and development in Kowloon.

Beijing Real Estate - Xian Real Estate - Shanghai Real Estate - Hong Kong Real Estate - Jinan Real Estate - Guangzhou Real Estate - Guangdong Real Estate - Chengdu Real Estate - Xiamen Real Estate - Zhengzhou Real Estate - Kowloon Real Estate - Shenzhen Real Estate - Beihai Real Estate - Dalian Real Estate - Nanjing Real Estate - Chongqing Real Estate - Hangzhou Real Estate - Harbin Real Estate - Kunming Real Estate - Pudong Real Estate - Qingdao Real Estate - Wuhan Real Estate - Shenyang Real Estate - Tianjin Real Estate - Shaanxi Real Estate - Sichuan Real Estate

(C)opyright 2005 ~ 2006 - www.cnta.hk,
All Rights reserved by www.cnta.hk.
Please email me your feedback to webmaster@cnta.hk