Real Estate in 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?," explained one expat living in Hong Kong, Hong Kong.

"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," said one person in Hong Kong.

"Our first apartment was a very nice, large (for HK) apartment in an expat neighborhood (MidLevels). Yes, I think most expats live in this area. The apartments in this area are generally Westernized (for example, they have ovens - many HK apartments do not!). I'd recommend the area to newcomers, then they can assess if they want a more walkable area with local culture (as we did). But we are happy that we started in MidLevels," explained one expat living in Hong Kong, Hong Kong.

"Expat homes and apartments in Hong Kong are typically modern and luxurious, with high-end appliances and furnishings. Many expat homes and apartments have spectacular views of the city skyline, and some even have access to private outdoor spaces. Expat homes and apartments often come with amenities such as swimming pools, gyms, and concierge services. Expats in Hong Kong also have access to a wide range of international schools, shopping malls, and restaurants," said one person in Hong Kong.

"The cost of housing in Hong Kong is generally high, with prices varying depending on the location and type of property. On average, a one-bedroom apartment in the city centre can cost around HK$20,000 per month, while a three-bedroom apartment in the suburbs can cost around HK$15,000 per month. Prices for larger properties can be significantly higher," explained one expat living in Hong Kong, Hong Kong.

"Housing costs are astronomically higher in HK than in the USA. I can't really say what the average cost is, as there is a large range depending on the neighborhood and size of the apartment. But it is much higher even than, for example, NYC. Most companies will subsidize housing, at least partially, even if you are a local hire," said one person in Hong Kong.

"Buying a home in Hong Kong can be a great investment, as property prices in the city are generally high and have been steadily increasing over the years. However, it is important to consider the cost of living in Hong Kong, which is also high, and the availability of housing, which can be limited. Renting a home in Hong Kong can be a more affordable option, and it can also provide more flexibility if you are not sure how long you will be staying in the city. Ultimately, the decision to buy or rent a home in Hong Kong will depend on your individual circumstances and budget," said one person in Hong Kong.

"When buying property in Hong Kong, it is important to understand the local laws and regulations. It is also important to research the local market and be aware of the current market trends. It is also important to understand the different types of property available, such as residential, commercial, and industrial. It is also important to be aware of the different taxes and fees associated with buying property in Hong Kong. Additionally, it is important to understand the different financing options available, such as mortgages, loans, and other financing options. Finally, it is important to work with a qualified real estate agent who can help guide you through the process," said one foreigner living in Hong Kong, Hong Kong.

"Yes, foreigners are allowed to own property in Hong Kong. There are no restrictions on foreign nationals buying, owning, or investing in real estate in the city. However, it is important to note that property prices in Hong Kong are among the highest in the world, and the purchasing process may involve various taxes and fees. Additionally, land in Hong Kong is owned by the government, so property ownership is typically in the form of a leasehold, rather than freehold," explained one person living in Hong Kong, Hong Kong.

"In Hong Kong, rental properties typically include a refrigerator, washing machine, air conditioner, and stove. Some properties may also include a microwave, dishwasher, and water heater," said one in Hong Kong.

"Expats searching for homes in Hong Kong typically begin by researching online property listings on websites such as Squarefoot, 28Hse, and Spacious. They may also consult with local real estate agents who are familiar with the expat community and can provide guidance on suitable neighborhoods and properties. Additionally, expats often join online forums and social media groups where they can ask for recommendations and advice from fellow expats who have already gone through the process of finding a home in Hong Kong. Some may also visit popular expat neighborhoods in person to get a feel for the area and scout for rental signs or notices. Finally, networking with colleagues and friends who have experience living in Hong Kong can also be a valuable resource for finding a suitable home," said one in Hong Kong.