Savvy investors, first-time buyers, and purchasers looking to move up the property ladder, all have a finger on the pulse of Hong Kong’s property market. In fact, the appeal of Hong Kong’s property market is world-renowned, and the changing trends in its prices constantly make the headlines.
Hong Kong is a vibrant, global financial hub that is home to one of the world’s freest economies and offers a relatively safe and stable living environment. So it’s hardly surprising that it’s real estate is so coveted. However, if you are looking to buy your first Hong Kong property, there are a few important specifics you need to keep in mind.
Hong Kong’s real estate is amongst the priciest in the world. If you have decided you want to have a home in Hong Kong, or you want to participate in its dynamic economy by way of a real estate purchase, you need to know how much it costs to buy a home in Hong Kong. Like elsewhere in the world, the price of a home in Hong Kong is governed by various factors. Size, location, the age of the property, if it is a new build or a new old build, its proximity to public transport and conveniences are some of the common factors that determine the prices of properties in Hong Kong.