I am currently living in Hong Kong and noticed an advert for the flats (now named 'City Walk') in the South China Morning Post yesterday, with an exhibition in the Landmark Oriental Hotel at the weekend.

This is a common trend I have noticed over here and I have half been expecting the Forest Hill Central flats to be advertised this way. There are number of points advertised, including historically low UK interest rates, 30% currency saving (slightly overstated at the moment, but as HKD is pegged to the USD, still significant) and rental returns of up to 6%.

Interestingly, nowhere do the words 'Forest Hill' appear...

I currently live in a luxury 1 bed apartment in HK, which is significantly larger than most out here, and still smaller than the City Walk flats. I may think it is tiny, but everyone I work with thinks it is enormous.

And no, the kitchen has no door. And yes, I mainly eat out - which I personally think might be a good thing for our neighbourhood.

From my experience, Hong Kong investors have appetite for exchange risk and are keen to see better returns than they are currently seeing on deposits. I'm not certain whether there will be take up, but it is clear that the developers are marketing further afield than many would expect for Forest Hill properties.