Hong Kong is famously known for being one of the easiest and best places to do business in the world. Income and corporate taxes are a fraction compared to many Western countries and places like Vietnam and Mainland China.
Not to forget, the market is transparent and closely regulated and Hong Kong will always be a preferred destination and perform well in the long run.
Foreign property investors, mainly from Mainland China, have poured in the past years and the property market is one of the hottest and most frequently mentioned in the local and foreign media.
In this article, I explain how Hong Kong’s property market has performed the past years, what’s driving the market, and what my predictions are for the market in 2019.
Hong Kong’s property market in 2017 & 2018: A throwback
Hong Kong’s property market is one of the hottest and Hong Kong real estate is among the most expensive in the world, outperforming places like Singapore and Sydney.
Real estate prices have increased by double digits the past years, in the second quarter of 2018, the year-on-year price increase was 13.5%, a bit higher than the price increase in the first quarter of 2018.