Hong Kong
Should I buy or rent a home in Hong Kong?
If you have not spent a lot of time in Hong Kong, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision...
"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 quite high. Renting a home in Hong Kong can be a more affordable option, as it allows you to live in the city without having to commit to a long-term purchase. Additionally, renting gives you the flexibility to move to a different area if your needs change. Ultimately, the decision to buy or rent a home in Hong Kong depends on your individual circumstances and budget," said a member in Hong Kong.
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SJB GlobalSJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
Connect
Click connect to have our partner contact you via e-mail and/or phone.
Other Questions:
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- What is a typical expat home or apartment like in Hong Kong?
- What is the average cost of housing in Hong Kong?
- Should I buy or rent a home in Hong Kong?
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- What cultural faux pas should I try to avoid making in Hong Kong?
- Why do people move to Hong Kong?
- What are healthcare services like in Hong Kong?
- What are medical services in Hong Kong like?
- What are typical rents in Hong Kong?
- What appliances are typically included in a rental?
Should I buy or rent a home in Hong Kong?
If you live in Hong Kong, newcomers to Hong Kong would love to hear your answer to this question.
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.
