Hong Kong, Hong Kong
Real Estate in Hong Kong
Last updated on Jun 02, 2023
Summary: The most desirable neighborhoods in Hong Kong, Hong Kong are typically located on Hong Kong Island, such as Central, Mid-Levels, and Repulse Bay. The average cost to buy a nice 2 bedroom home in these areas is around US$2.5 million, while a nice 3 bedroom home can cost up to US$4 million. These properties typically include modern amenities such as high-end appliances, marble countertops, and spacious balconies with stunning views. 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 the New Territories or on the Outlying Islands. When searching for a home to buy in Hong Kong, it is important to research the area and the property thoroughly. Expats should also consider their budget and lifestyle when looking for a home. It is also important to work with a reputable real estate agent who can help them find the right property.
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:
"Finding a place to live in Hong Kong can be a daunting task. It is important to research the different neighborhoods and districts to find the best fit for your lifestyle. You can start by looking at online listings such as Craigslist, Expat.com, and AsiaXPAT. Additionally, you can look for rental agencies that specialize in Hong Kong properties. These agencies can provide you with a list of available properties and help you find the best fit for your needs. Additionally, you can look for local newspapers and magazines that list rental properties. Finally, you can also ask friends and family who live in Hong Kong for advice and recommendations," explained one expat living in Hong Kong, Hong Kong.
"We used a relocation company/agent to help us find our first neighborhood and apartment. It was great - but full of other expats. We wish we would have lived in an area with more local culture. Newcomers will want to think about that - do they want more local culture or comforts from home?," said one person in 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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