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Are you on the lookout for affordable homes? Gaw Capital is offering some discounts on flats at The Timezone, a residential development in Foshan’s Nanhai district. And guess what? These are not just any flats. They are two- and three-bedroom units that go for as low as US$124,000.
The Timezone complex is a large development that includes an international school, a hotel, and an outlet mall with over 200 luxury brands. The complex is located just a short 10-minute drive from the Guangzhou South railway station, making it convenient for those commuting to West Kowloon in 45 minutes.
The affordable homes are built on a site designated for commercial use, so they come with 40-year ownership instead of the typical 70-year lease for residential homes. However, this may present an opportunity for Hong Kong buyers looking to set up a business in the Greater Bay Area. The expected rental yield is 3%, which could potentially attract retail investors from Hong Kong.
Gaw Capital aims to leverage the increasing number of Hong Kongers commuting over the border since the border reopened in January. The first two phases of the Foshan project have already sold out, so interested buyers should act quickly.
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Featured Image by Jinkun Zheng