Hosted by Jack Wu (胡諾言), Kirby Lam (林秀怡), and Phoebe Pang (彭慧中), the first episode of TVB talk show How to Buy A House <我要做業主> interviewed 2016 Miss Hong Kong winner Crystal Fung (馮盈盈) on her experience of purchasing new homes in the ever-competitive Hong Kong real estate market.
On the show, Crystal shared that her first purchase was a 2 bedroom, 565 sq. ft. apartment in Kowloon’s Ho Man Tin, with her ex-boyfriend Martin Chung (鍾文浩), for 20 million Hong Kong dollars back in 2018. Crystal had purchased the home without her parents’ knowledge, and Martin was made the primary owner.
Crystal said Martin had originally considered getting an apartment in Sha Tin for HK$8 million, but his friends convinced him that the new Ho Man Tin property would be better worth his time
“After the fact, I told my parents about what we did,” said Crystal. “They said that they knew we would be impulsive, but it was a great lesson for us.”
As for whether or not Crystal would recommend purchasing real estate with significant others, she said, “Before getting married or having status, refrain from sharing investments. I think it’s important to be able to separate certain things from each other, like finance. Because who knows what will happen? It’s a lot of paperwork to deal with if things don’t work out.”
Having a partner to share the burden in supporting a home is a strong incentive buy homes together, but Crystal is advising all of us to go against that urge. “Take a step back and really think about all the alternatives. I’ve always felt that if I purchased my Dream House then I would be set, but in doing so I may have neglected more investment opportunities.”
Crystal then joked that shopping for a home is like choosing a boyfriend. “Purchase something that you know you’ll be able to handle, then think about the other things.” Crystal said the mistakes she’s made from her first purchase has made her more interested in investing in real estate.
This article is written by Addy for JayneStars.com.