Hong Kong Property | Regent Property
Regent Property is one of the leading real estate agencies in Hong Kong
regentprop
暱稱: regentprop
性別: 男
國家: 香港
地區: 東區
« December 2016 »
SMTWTFS
123
45678910
11121314151617
18192021222324
25262728293031
最新文章
CRM San Francisco
Perth office vacanci...
2016-04-27
【地產專題】2015年寫...
服務式辦公室供應商?
文章分類
全部 (26)
Hong Kong Property (17)
未分類 (9)
訪客留言
最近三個月尚無任何留言
每月文章
日誌訂閱
尚未訂閱任何日誌
好友名單
尚無任何好友
網站連結
醫學美容
療養院
Business Centre
Call Centre
Central virtual offi...
Cloud Enterprise Sol...
CRM
E-Commerce Solution
Elderly Volunteer
Hong Kong Apartment
Hong Kong Office
Hong Kong Property
industrial for lease
industrial for rent
O2O Solution
Office for lease
Office for rent
Serviced Office
Shop for rent
Shop for rent
virtual office
virtual office
Virtual Office
Virtual Office
VOIP
warehouse for lease
護老院
工廈買賣
工業大廈
地廠
老人院
安老院
成立公司
服务式办公室
服務式寫字樓
服務式辦公室
果酸換膚
租写字楼
租工業大廈
租貨倉
租寫字樓
租辦公室
商務中心
虛擬辦公室
虛擬辦公室
虛擬辦公室
電腦產品
寫字樓出租
激光去斑
最近訪客
最近沒有訪客
日誌統計
文章總數: 26
留言總數: 1
今日人氣: 2
累積人氣: 1980
站內搜尋
RSS 訂閱
RSS Feed
2013 年 7 月 23 日  星期二   晴天


Why not use a flat deposit to start a business? 驚訝 分類: Hong Kong Property

source from: www.scmp.com/property

 As a Hong Kong property reporter, I often receive questions from readers and friends about the Hong Kong property market.

The most common question is whether now is the best time to buy a flat, but a 29-year-old man asked me recently whether he should spend his HK$1 million in savings on buying a home or starting up a new business.

"Since I am a fan of music and coffee, it has been my dream to open a café where people can enjoy music and coffee together," he said.

"I also hope to sell musical instruments and CDs at the café, if possible. I have been working and saving very hard to pursue this dream.

"But when I discuss the plan with my parents, they are strongly opposed to it, saying retail rents in Hong Kong Property are too high, and thus the profit margin for a café will be too low.

"They say I should use the money to buy a flat, instead."

It is quite typical for Hong Kong parents to prefer their children to buy a flat than take the risk of starting a business.

But let's look more carefully at the two options.

First, what kind of home can one buy with a HK$1 million down payment in the present Hong Kong Property market?

Assuming he pays about 30 per cent of the flat's price as a down payment, he will be able to borrow enough to buy a unit priced at HK$3 million or less.

If he has a stable job and income, he could borrow more money and pay only 10 per cent of the flat price as down payment. Then he would be able to buy a HK$4 million home, for which he would have to make mortgage payments for the next 30 years.

With a budget of HK$3 million to HK$4 million, he could buy a Hong Kong Property, for example, a 30-year-old flat with a gross floor area of about 400 square feet at City One Shatin or a 595 sq ft flat at Yoho Town in Yuen Long.

"It really depends on what he wants to buy a home for - whether it is for his own use or as an investment," said Willy Liu Wai-keung, chief executive of real estate agency Ricacorp Properties.

"If it's for rental income, the yield is now over 3 per cent per annum, which is definitely a better return than putting the money in the bank.

"Starting up a business is about building a career, which can be something totally different. It can generate more income if he is good at it. But if he is just investing money in the business and asks someone to take care of it, it's more like a pure investment, and the profit margin depends on the type of business."

Liu said the rent for upper-floor premises in Causeway Bay or Mong Kok could go as low as HK$30,000 to HK$50,000 per month.

To me, buying a home for long-term investment seems to be the safer option, since I do not think home prices will drop significantly in the long term, while running a business always has its risks.

However, if there were a chance that the music café business was sustainable, I think I would choose to pursue my dream if I were the 29-year-old man. That is an age at which one can face more risks and challenges. It is quite an achievement to have saved HK$1 million by this time, which may imply he can save even more if he continues to work hard. And he could still live with his parents.

If he can find some business partners to share the risks and costs, and ideally start up the business during his leisure time without quitting his job, his HK$1 million could probably be used to run his dream business for a while, as it would cover rent and other costs for about a year.

If the Hong Kong Property business wasn't looking good, he could always shut it down and cut his losses.

So why not?

_______________________________________________________________________________________

Regent Property | Hong Kong Property | Hong Kong Office | Hong Kong Apartment






訪客留言 (返回 regentprop 的日誌)

訪客名稱:
電郵地址: (不會公開)
驗證碼:  按此更新驗證碼 (如看不清楚驗證碼請點擊圖片刷新)
俏俏話: (必需 登入 後才能使用此功能)
[ 開啟多功能編輯器 ]