BINOCHE CHAN, Chief Operating Officer of List Sotheby’s International Realty Hong Kong, shares some insights on the current Hong Kong property market and tips to negotiate with the seller or landlord under the current situation, plus details of six fabulous properties available for rent and sale.
A window of opportunity
“For renters, there’s no better time than now to ask for concessions from landlords as the rental market is shifting in favour of tenants,” says Binoche. “While the Hong Kong borders remain closed to new arrivals, it means there won’t be new expat tenants on the market. Local moves will dominate the lettings market until the situation begins to revert to normal. These current conditions provide renters with a window of opportunity to negotiate hard with existing landlords or to upgrade homes to better places.”
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