There's a healthy 2nd hand market in Hong Kong. More boats here than anywhere else in Asia
, with the exception of Phuket perhaps. I don't think that there's much difference in price
anywhere in Asia
A project boat will more than likely be advertised on the Yacht Club notice boards here, rather than on the internet
, so that's maybe why you haven't come across anything. There is certainly way more boats for sale
in Hong Kong than the Philippines.
I'm not sure how much of a "project" you are prepared to take on. If it's something that could happen out on a mooring
, then Hong Kong is as good as anywhere and better than most for being able to get hold of hardware
items, getting fabrication done etc. There's also no problem getting bits imported - this is not the case in the Philippines.
If it requires to be out of the water
and in a yard for a long period of time, Hong Kong is not the place to do it - Philippines would be better.
Another consideration is whether you will be doing all the work yourself, or will be paying others. Labour in the Philippines is much cheaper than Hong Kong