Real Estate in Hong Kong
Last updated on Feb 06, 2024
Summary: An expat looking to buy a home in Hong Kong should begin by researching the different neighborhoods and districts in the city. They should also consider their budget and the type of property they are looking for. It is also important to research the local real estate market and the current prices of properties in the area. Foreigners are allowed to purchase properties in Hong Kong, but there are restrictions on the type of property they can buy. For example, foreigners are not allowed to purchase properties in certain areas, such as the New Territories. The amenities that come with a house in Hong Kong vary depending on the property. Generally, houses in Hong Kong come with basic amenities such as air conditioning, a kitchen, and a bathroom. Some properties may also include a balcony, a garden, or a swimming pool.
How do I find a place to live in Hong Kong?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"Choosing where to live is very personal. I used to live on a university campus where there was a great sense of community without the feeling of being in some sort of expat clique. I now live in a well-managed housing estate with excellent security and friendly staff but no sense of community. If you are an expat and want community, you may well have to accept being more separated from the local culture. It is a fact of life here that local people do not mix in the same way as back home. Do not be offended by this - it is a cultural norm, and not aimed at expats. My in-laws were truly shocked (not to mention my first next-door-neighbour, 16 years ago) when I went to the flat next door to introduce myself and invite the neighbours round for coffee. I still surprise them with my weird expat ways, but it doesn't matter - I decided long ago to be myself and to accept my neighbours as they were. It seems to work nicely all round," said one person in Hong Kong.
"Finding a place to live in Hong Kong can be a daunting task. The best way to start is to research the different neighborhoods and districts in the city to determine which one best suits your needs. You can also look into the different types of housing available, such as apartments, condos, and houses. Once you have narrowed down your search, you can use online resources such as property listings, classifieds, and real estate agents to find a place that fits your budget and lifestyle. Additionally, you can also look into short-term rental options such as Airbnb or hostels. Finally, it is important to consider the cost of living in Hong Kong, as it is one of the most expensive cities in the world," said one expat who made the move to Hong Kong.
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What is a typical expat home or apartment like in Hong Kong?
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About the Author
Joshua Wood, LPC is one of the Founders of Digital Nomad Exchange and serves as Co-President of Expat Exchange. Prior to Expat Exchange and Digital Nomad Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.
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