List of Hong Kong Real Estate Agencies: An Overview

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Hong Kong has a developed residential and commercial real estate market and all multinational agencies can be found here.

The office market gets much attention in the media globally, particularly in the area of Central, for example.

Having said that, you can find boutique agencies as well, focusing on the sales of luxury homes. It’s well-known for having the most expensive residential market.

In this article, I list some of the top real estate agencies, explaining their services and history.

1. Engel Völkers

Engel Völkers was founded in Hamburg in 1977 and is one of the biggest franchised real estate networks in the world. Continue reading List of Hong Kong Real Estate Agencies: An Overview

Investing in Hong Kong Hotels: An Overview

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Do you plan to buy property in Hong Kong?
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Hong Kong’s hotel industry has been strong historically and remains one of the most popular options among foreign hotel investors.

As hotel investments can fetch hundreds of millions of US dollars, choosing the right location should be one of your main priorities. Selecting an area with much foot traffic, commercial activity, and proximity to landmarks is equally important.

Due to ongoing protests and the pandemic, the hotel market was affected in Hong Kong, resulting in plummeting rates. In late 2020, the government decided to cut stamp duties for commercial properties, to support the declining market.

This isn’t necessarily a bad thing. Novice investors can find discounted deals in sought-after areas.

Topics covered:

  • Can foreigners buy hotels in Hong Kong?
  • Investing in Hotels Through Companies
  • Hong Kong’s Hotel Market
  • Areas to Invest in Hotels
  • Benefits of Investing in Hong Kong Hotels

Can foreigners buy hotels in Hong Kong?

Despite having one of the most efficient business environments globally, real property ownership is regulated by Asian standards. The government has introduced both a buyer’s stamp duty and ad valorem stamp duty totaling 30%. Continue reading Investing in Hong Kong Hotels: An Overview

Buying Industrial Real Estate in Hong Kong: A Complete Guide

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Hong Kong serves as a consolidation hub in Asia and has plenty of third-party logistics facilities and warehouses.

It has transformed from having much manufacturing in textiles, plastics, and shipbuilding to primarily becoming the home of many logistics service providers.

While the residential real estate market has become the most expensive in the world, there are plenty of investment opportunities in Hong Kong’s commercial real estate market.

Today, I explain how foreign investors can buy industrial real estate and what you must pay attention to.

Topics covered:

  • Can foreigners buy industrial real estate in Hong Kong?
  • Hong Kong’s Industrial Property Market
  • Asian eCommerce Markets Drive the Demand for Warehouses
  • Industrial Areas in Hong Kong
  • Benefits of Buying Industrial Property in Hong Kong
  • How can I find industrial buildings for sale?
  • Taxes

Can foreigners buy industrial real estate in Hong Kong?

Foreigners have no particular issues to acquire real estate in Hong Kong but it can only be done on a leasehold basis. As such, you cannot own real estate on a freehold basis, no matter if it’s residential or commercial. Continue reading Buying Industrial Real Estate in Hong Kong: A Complete Guide

Investing in Hong Kong Office Space & Buildings: Complete Guide

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Hong Kong is a major Asian financial hub and known for having the most expensive real estate market in the world. The area of Central captures most of the headlines and where prices have increased massively in the past years.

Many are surprised how resilient the market remained throughout the COVID-19 pandemic as well.

Foreign investors still show a great interest in commercial real estate and particularly office space in Hong Kong. Therefore, I have written this article where I explain how it works when investing in office space and buildings.

Topics covered:

  • Can foreigners buy office space in Hong Kong?
  • Hong Kong’s Office Space Market
  • Areas to Invest in Office Space
  • Taxes when Buying Office Space & Buildings
  • How can I find office space for sale in Hong Kong?

Can foreigners buy office space in Hong Kong?

Foreign individuals and companies cannot buy commercial real estate on a freehold basis in Hong Kong. Continue reading Investing in Hong Kong Office Space & Buildings: Complete Guide

Hong Kong Property Market Outlook 2021: A Complete Overview

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Hong Kong had a tough time in 2019 and suffered from a weakened economy, the ongoing trade war between the US and China, and violent protests.

In 2020, the city faced the same dilemma as COVID-19 spread globally and forced countries and regions into lockdowns.

With that said, Hong Kong has remained resilient despite these unrests. Since 2003, the market has seen a six-fold increase in the index of private home prices.

Prices dropped by as little as 4% from May 2019 until the protest broke out and the COVID-19 pandemic started. The demand has primarily been supported by low-interest rates and a great scarcity of land.

With that said, we move into unknown territories for 2021. In this article, I share my predictions for Hong Kong’s property market in 2021.

Topics covered:

  • Hong Kong’s Property Market in Previous Years
  • Hong Kong Property Prices in 2019
  • How was the market affected by the COVID-19 pandemic in 2020?
  • Why is Hong Kong property so expensive?
  • How will Hong Kong’s property market perform in 2021?
  • Is buying a property in Hong Kong a good investment?

Hong Kong’s Property Market in Previous Years

Hong Kong has the most expensive property market in the world, outperforming places like Singapore and Sydney.

Real estate prices have increased by double digits, making real estate inaccessible to many locals. As of 2020, houses averaged more than USD 1.2 million, which is kind of unbelievable.

Looking at real price increases, in the second quarter of 2018, the year-on-year price increase was 13.5%, which was a bit higher than the price increase in the first quarter of 2018.

At the same time, the average sales value per transaction increased by 8.4%, according to Colliers.

Colliers also reported that the supply of residential units increased by 12% in 2018 compared to 2017. The luxury residential rents increased by 4% in 2018.

Nowadays, you can buy a 10-bedroom house in many European countries for the same price as a 28 square meter apartment in Hong Kong. Besides, the average price per square meter in Ho Chi Minh City is only 14% of that in Hong Kong.

Hong Kong Property Prices in 2019

Looking at real price levels, the average price per square meter was around USD 22,507 in April 2019. That was almost twice as much as Singapore’s average of around USD 11,442.

Prices have grown strongly for over a decade, except for a brief slump in 2016 due to the mortgage rate hike. We also saw price decreases during the second half of 2018 and 2019. The Centa-City Leading Index CCL shows the price increases from 1996 – August 2019, which speaks for itself. Continue reading Hong Kong Property Market Outlook 2021: A Complete Overview

How to Buy Land in Hong Kong: A Complete Guide

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Hong Kong is not the typical place for land purchases, at least not among foreign individuals and companies.

Having one of the most expensive real estate markets in the world, you’ll mainly find mainland Chinese and local developers that fight for land plots through government-run tenders.

With that said, there are ways for foreigners to acquire land in Hong Kong. Therefore, I decided to write this article where I cover the following topics:

  • Can foreigners buy land in Hong Kong?
  • Hong Kong Leasehold Terms
  • Buying Land Through a Company
  • Hong Kong’s Land Sale Programmes and Tenders
  • Taxes when Buying Land
  • How can I find land for sale?

Can foreigners buy land in Hong Kong?

Neither foreigners nor locals can purchase land on a freehold basis in Hong Kong. Instead, the land is controlled by the Chinese government and you can only get hold of leasehold property. Continue reading How to Buy Land in Hong Kong: A Complete Guide

Investing in Hong Kong Commercial Property: The Definitive Guide

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Hong Kong has one of the most active property markets globally where office space prices in the CBD capture most of the headlines.

Being Asia’s financial hub, it’s not strange that you can find plenty of commercial property investment opportunities here. Before you start, it’s important that you learn what regulations apply, what taxes you have to pay, and more.

In this article, you learn the following:

Continue reading Investing in Hong Kong Commercial Property: The Definitive Guide

Top 5 Hong Kong Property Exhibitions 2021

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Hong Kong is one of Asia’s biggest hubs for real estate exhibitions where investors and companies can expand their network and learn more about overseas real estate markets.

Visiting property exhibitions is the preferred choice among many investors in Hong Kong as you can discuss with professionals face-to-face and learn about ongoing trends first-hand.

With that said, it can be challenging to find information about interesting property exhibitions online. In this guide, I present five of the biggest and most popular exhibitions in Hong Kong.

1. SMART Investment & International Property Expo

The SMART Investment & International Property Expo is managed by SMART Expo, they held the first event as early as 2004.

It’s the biggest real estate expo for service providers and global investors who operate- or plan to buy property overseas. Continue reading Top 5 Hong Kong Property Exhibitions 2021

List of Serviced Apartments in Hong Kong: Our Top 13 Picks

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Serviced Apartments in Hong Kong

Are you moving to Hong Kong or just looking for a place closer to your new office?

Whether you are looking for flexibility or you don’t have the time to embark on a week of apartment hunting through the alleys of Hong Kong, a serviced apartment might be the solution to your problem.

In this article, we list 13 serviced apartment companies, and compare them according to their rent span, unit size, minimum duration of stay, location and facilities.

Overview

Benefits of renting a serviced apartment in Hong Kong

If you already did a search online, by now you will probably know that the rental market in the city is pretty “scattered”, and it’s often difficult to find a place unless you walk into an agency located in the neighborhood where you plan to live.

Even in that case, you will probably be tied up by a 6-12 months rent contract.

Conversely, if you opt for a serviced apartment, you can choose to commit for only one or two months.

Besides, you will save the agent fee, which is often 50% of one month’s rental, and the deposit won’t usually exceed one’s month rental.

Also, bills are usually included (electricity, water, internet), so the rent might initially look higher than it is. Continue reading List of Serviced Apartments in Hong Kong: Our Top 13 Picks

Investing in Co-Living Spaces in Asia: A Complete Guide

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Co-living has become a new big trend in Asia and it’s predicted to transform the real estate markets in many countries.

Everything from established developers to individual investors tries to find ways to profit from this growing industry.

Yet, before you decide to invest in co-living spaces, you must understand how the business model works practically and which countries should be of interest in Asia.

In this article, I explain what co-living spaces are, how it works when investing in co-living spaces, about the markets in the most interesting countries, and more.

What is a co-living space?

Co-living spaces are often started by companies who partner with local property owners to reduce leasing costs, to share the profits and financial burden.

Not rarely, these companies receive funding from investors to start or expand operations.

When a company has bought or leased parts of- or a whole building, they refurbish the units and install the modern amenities and utilities needed.

The units are small and with sizes of around 9 to 25 square meters with simple, but modern furniture like a bed, a desk, and a private bathroom.

Here, the idea is to spend time in the common areas, to socialize, and to engage in activities within the community. Many choose to live in co-living spaces to grow their network and to develop as persons.

Typical tenants are young persons who just arrived or that plan to stay short-term and cannot sign rental contracts stretching over 12 months.

That said, you also find locals who opt-in for co-living as it’s convenient and comparably cheap.

Continue reading Investing in Co-Living Spaces in Asia: A Complete Guide