Ask Melanie: Should we wait to buy our dream home?

My wife and I have lived in Hong Kong for a long time and now plan to stay. I'm 61 and drawing a pension. My wife is 54 and wants to work to 65. We easily save HK$44,000 per month. We've got HK$5.2 million in cash, HK$6 million in investments and no debt. We've lived in our North Point flat for many years. Rent is HK$26,000 per month. We could buy in our building now for HK$9 million (bank valuation) but people say the market will crash. Should we wait? (Name withheld)

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