HomeRun Homes Rent to Own Homes Blog

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HomeRun Homes is a centralized marketplace which helps people Find or Sell a Rent to Own Home, both Nationwide and Globally to the thriving Rent to Own Market. http://www.lease2buy.com
Showing posts with label the Philippines. Show all posts
Showing posts with label the Philippines. Show all posts

July 14, 2011

Rent To Own In Hong Kong?

Morning Folks,

   I'd like to wish everyone a Happy Half Day. "Half Day", you ask? Yes, since I admit that I am a "hater of Summer", from June 1 - the end of August is 92 days. Half way is July 16th (Saturday)...thus, "Happy Half Day".

   In previous discussions, we spoke about the Global spread of "Rent to Own" as am option to buy or sell a home. Rent to Own is gaining further popularity in the USA, Canada, Australia, the Philippines, and multiple different countries. As we spoke about in our post titled, "It's Still Rent to Own to Me", we touched on the different names that are used when discussing Rent to Own (Lease Option, Option to Buy, etc), but they are all roughly equivalent to the same arrangement.

   Now, let's add Hong Kong to the mix. In a recent story by Bonnie Chen in The Standard in Hong Kong ("Greenbelt conversion on cards in drive to boost flats"), Chen discusses a recent initiative to develop more residential space across the country. Part of this initiative involves a list of potential sites that needs to be submitted, "to the chief executive's office by September", "according to a source."

   The interesting fact here, is that the Chief Executive Donald Tsang Yam-kuen, in a speech last year, announced the "My Home Purchase Plan" (also known as rent-to-own), with the, "first 5,000 units to be completed by the Housing Society in 2013. ". This is just one piece of Rent to Own in that part of the world. China is an incredibly huge market, and one that we look forward to becoming an integral part of in the upcoming months.

   Regarding Rent to Own in China and the China Housing Market, we will be taking a closer look at these in a Blog Post in the next few weeks, so keep an eye on our Blog.

What are your thoughts on China and Rent to Own?
Happy Half Day !!


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Have a Great Week, and Happy Rent-to-Owning !
Regards,
Rob Eisenstein
HomeRun Homes Blog: http://blogging.lease2buy.com
HomeRun Homes Websites: http://www.lease2buy.com and http://www.homerunhomes.com

TAGS: #renttoown #hongkong #china #australia #leaseoption