Real Estate in Sai Kung, Hong Kong
Last updated on Jun 01, 2024
Summary: Expats and retirees talk about real estate in Sai Kung, Hong Kong? How do you find a home in Sai Kung? Should you buy or rent? What is the cost of housing?
How do I find a place to live in Sai Kung?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"Finding a place to live in Sai Kung involves several steps. First, you need to determine your budget. This will help you narrow down your options and make your search more efficient. Next, you should research the different neighborhoods in Sai Kung. Some areas may be more residential, while others may be closer to shops and restaurants. Consider your lifestyle and preferences when choosing a neighborhood. Once you have a general idea of where you want to live, you can start looking for available properties. There are several online real estate platforms that you can use, such as 99.co, Squarefoot, and Spacious. These websites allow you to filter properties based on location, price, size, and other features. You can also hire a real estate agent to help you with your search. An agent can provide you with insider knowledge about the market, negotiate prices on your behalf, and handle paperwork. Make sure to choose an agent who is familiar with Sai Kung and has a good reputation. When you find a property that you're interested in, arrange a viewing. This will give you a chance to inspect the property in person and ask any questions you may have. If you're satisfied with the property, you can make an offer. In Hong Kong, it's common to negotiate the price, so don't be afraid to haggle. Once your offer is accepted, you'll need to sign a tenancy agreement and pay a deposit. The deposit is usually equivalent to two months' rent. Finally, before you move in, you should arrange for utilities to be connected, such as electricity, water, and internet. You may also need to arrange for a moving company to transport your belongings. Remember, finding a place to live can take time, so be patient and don't rush the process," remarked one member in Sai Kung.
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What is a typical expat home or apartment like in Sai Kung?
"A typical expat home or apartment in Sai Kung, is often spacious and modern, with a blend of Western and Asian design elements. These homes usually have large windows that allow for plenty of natural light and offer stunning views of the surrounding landscapes, including mountains, forests, and the sea. The living areas are typically open-plan, with a seamless flow between the kitchen, dining, and living room areas. The kitchen is usually fully equipped with modern appliances and ample storage space. Bedrooms are comfortable and often come with built-in wardrobes. Bathrooms are typically sleek and contemporary, often featuring both a shower and a bathtub. Many expat homes in Sai Kung also come with outdoor spaces such as balconies, terraces, or gardens, providing a rare opportunity for outdoor living in Hong Kong. These homes are often part of secure complexes with amenities like swimming pools, gyms, and playgrounds. Despite being relatively far from the city center, Sai Kung is well-loved by expats for its laid-back vibe, natural beauty, and close-knit community. The area is also known for its international schools, making it a popular choice for expat families," said one person in Sai Kung.
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What is the average cost of housing in Sai Kung?
If you are thinking about moving to Sai Kung, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The average cost of housing in Sai Kung can vary greatly depending on the type of property. For a standard apartment, the cost can be quite high, often reaching into the millions in Hong Kong dollars. Luxury villas and houses, particularly those with sea views or access to private beaches, can be significantly more expensive. However, smaller village houses or older properties may be more affordable. It's important to note that Sai Kung is known for its high-end properties, so prices tend to be higher than in other parts of Hong Kong," remarked one member in Sai Kung.
Should I buy or rent a home in Sai Kung?
If you have not spent a lot of time in Sai Kung, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"The decision to buy or rent a home in Sai Kung, largely depends on your personal circumstances, financial situation, and long-term plans. If you have a stable income, plan to stay in the area for a long time, and can afford the upfront costs, buying a home could be a good investment. Owning a property in Sai Kung could provide you with a sense of stability and the freedom to customize your home as you wish. On the other hand, if you're not sure about your long-term plans or if your income is not stable, renting might be a better option. Renting a home in Sai Kung offers more flexibility, as you can move more easily if your circumstances change. It also means you won't have to worry about maintenance costs or property taxes, as these are usually covered by the landlord. It's also worth considering the property market conditions in Sai Kung. If property prices are high and predicted to fall, it might be better to rent for a while and wait for prices to drop before buying. Conversely, if property prices are low and predicted to rise, it could be a good time to buy. In conclusion, whether you should buy or rent a home in Sai Kung, Hong Kong, depends on your personal and financial circumstances, as well as the current property market conditions. It's a decision that requires careful consideration and, ideally, advice from a financial advisor or real estate expert," said one expat in Sai Kung.
About the Author
Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat 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.
Other Questions:
- What do I need to know before moving to Sai Kung?
- What is a typical expat home or apartment like in Sai Kung?
- What is the average cost of housing in Sai Kung?
- How do I meet people in Sai Kung?
- What do I need to know before retiring in Sai Kung?
- What should I pack when moving to Sai Kung?
- Where should I setup a bank account in Sai Kung?
- Will I be able to find a job in Sai Kung?
- What is life like as an expat in your area?
- What do people like (and dislike) about Sai Kung?
- What type of social life can someone expect in Sai Kung?
- What is the social scene like in Sai Kung?
- What advice to expats in Sai Kung have about housing?
- What are medical services in Sai Kung like?
- Are healthcare and health insurance expensive in Sai Kung?
- Is the cost of living in Sai Kung high?
- What are the visa & residency requirements in Sai Kung?
- Why do people move to Sai Kung?