Torihu, I don't how the situation is in Hong Kong, but I can tell you, right now home prices in Sydney, Australia, where I spend about half my time, are ridiculous high, and have been so for almost 6-7 years now. I would not buy a property in either place until prices come down significantly relative to incomes, because it's definitely NOT a buyer's market right now. The worst thing you can do is buy into a record boom property market at its top with a mortgage on your apartment or house, and then find you owe more on your home loan than your property is worth if the property market crashes. Especially with the big possibility for a slowdown in mainland China right now, I think both the Sydney and Hong Kong market will come down significantly in real terms the next 5-10 years. At the very worst, I don't they they can move up much from the very high prices they are already at, so I would really just start saving and paying down debts so that you can buy in if and when a property price decline happens.
