Hong Kong’s real estate market remains very popular in the present. However, buying real estate comes with a lot of potential pitfalls whether people are interested in a studio flat for rent in Hong Kong or Hong Kong apartments in Central.
As a result, here are 10 tips to keep in mind when buying property in Hong Kong:
Buy in Markets with Upward Potential
Generally speaking, interested individuals shouldn’t buy real estate in markets at the peak of their popularity. Instead, they should be looking at markets that are expected to go up in the future.
Well Maintained Two Bedroom Flat in Convenient North Point Location close to public transportation. Separate Living and Dining Room, Modern Kitchen with Dishwasher. For Sale Close to Bank Valuation of HK$ 6.97M Vacant Possession. Age: 1978 Size(n): 418 sq ft. 2 Bed, 1 Bath, Contact: Jane Buckthought 9102 1516 Email: firstname.lastname@example.org
Rarely Available 200 sqm Loft in the Middle of the Historic Part of Nice for Sale.
Asking Price Euro 800,000 negotiable.
Can be retained as one residence or divided into two separate self contained units for rental income. Alternately the space can be redeveloped into 4 separate apartments to be sold off.
A redevelopment site at 39 Shouson Hill Road has been sold to a Chinese Property Developer Charm Glory Resources for an eye watering sum of HK$ 5.93 Billion making it the most expensive sale for residential land in the City.
The total which amounts to US$755 Million breaks the previous record for a land sale on the Peak of the iconic Ho Tung Gardens in 2015
The South Side Site is expected to be developed into Super Luxury homes with sales prices around HK$ 135,000 per sq ft which will make it the most expensive homes in the city when completed.
Please join me at an OPEN HOUSE tomorrow 30th June from 2:30-4;30pm to see this Very Spacious 3 Bedroom Family Home in Pok fu lam. The Address is Unit F on 1st Floor Fulham Garden, 84 Pok Fu Lam Road For More info please contact Anthony Hindmarsh or whatsapp 9105 1406.
Los Angeles is home to the world’s most expensive residential property – a mansion called “The One” located in the exclusive Bel Air neighbourhood, which is due to go on the market in mid-2018 for US$500 million (HK$3.92 billion)
The average price of a luxury home in LA at the end of 2017 was US$2.5 million, not far behind Hong Kong’s average of US$2.8 million, according to a recent report by Christie’s.
Los Angeles luxury property prices last year fell well short of Hong Kong’s premium properties, especially in The Peak neighbourhood.
The most expensive property sold in LA last year went for US$88 million, while Hong Kong boasted the world’s first and second most expensive home sales of 2017, fuelled by mainlanders seeking to hedge against yuan depreciation by buying “trophy homes” in limited supply.
Because of this, the report named Hong Kong as the world “most luxurious” prime housing market for the second year running
Pollocks Path Estate on The Peak was sold for a record-breaking HK$2.8 billion (US$360 million) to technology manufacturing tycoon Yeung Kin-man in January 2017 while two units in the Mount Nicholson development sold for HK$1.6 billion (US$149 million) in November.
More recently, another house on The Peak changed hands for HK$1.39 billion (US$177.3 million) in March – making it Asia’s second most expensive property on a square foot basis
Very Spacious Three Bedroom Family Home in a Popular Mid Levels High rise with almost 90% Efficiency Layout. Good Size Balcony and Kitchen with Integrated Appliances, separate utility and maid quarters. Located next to Hong Kong University and Hong Kong’s most prestigious schools as well as on a major bus network to and from all parts of Hong Kong and the New MTR Exit at HK University. Offered Vacant Possession and with One Car Park. Available for Viewing by Appointment.
Age: 1976 Size(n): 1560 sq ft net 3 Bed, 2 Bath, 1 Maid Room, 1 Car Park. Contact: Anthony Hindmarsh 9105 1406 Email: email@example.com
Please join me at an OPEN HOUSE tomorrow 16th June from 2:30-4;30pm to See this Very Spacious 3 Bedroom Family Home in Pok fu lam. The Address is Unit F on 1st Floor Fulham Garden, 84 Pok Fu Lam Road. There is Guest Parking On Site. For More info please contact Anthony Hindmarsh or whatsapp 9105 1406