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

Buying Commercial Property in Hong Kong: The Definitive Guide

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Do you plan to buy property in Hong Kong S.A.R.?
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Commercial property is an untapped area for many investors, but you can reap great yields if you do your research and dedicate some time and effort.

You have many options if you decide to buy commercial property, including retail property, office space, industrial property, car parks, and more.

Still, the commercial market is rarely spoken about in the media. You mostly hear about how prime office prices change quarterly.

In this article, you’ll learn about the following:

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Buying Real Estate in Hong Kong: A Complete Guide

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Suggestion: Watch the 5 minutes video tutorial before reading this article

Do you plan to buy property in Hong Kong S.A.R.?
Click here to get in touch with an experienced agent

Hong Kong has grown from being a small trading hub to become one of the top three financial centres over a decade. Many foreigners consider it to be a safe haven for investments and the place to be in business.

Almost 40% of China’s foreign trade is routed through Hong Kong, which has left China with the notion that it can’t compete with Hong Kong. Instead, increasing the connectivity and collaboration with the mainland has become the most viable plan.

Even if prices reach record high levels, Hong Kong continues to be an attractive spot for overseas investors. It doesn’t surprise me, as it has some of the most efficient systems and lowest taxes in the world.

Yet, before you engage in Hong Kong’s property market, it’s important that you learn about the market, the buying process, prices, property taxes, and more.

In this article, you’ll learn the following:

Continue reading Buying Real Estate in Hong Kong: A Complete Guide

Buying Real Estate at Auction in Asia: Interview with World Auction Alliance

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When you think of an “Auction” in Asia you may picture a venue where people are buying luxurious paintings, jewelry, or even huge land purchases.

But wait, it’s a residential real estate auction, and the live event is open to bidding by anyone, regardless of their location, using an absolute real-time internet application open to a global audience.

Asia is now embracing auctions as an alternative method to sell and buy newly developed and under-construction residential property – and it can offer buyers the chance to get great savings over the original asking price, because at auction, “the buyers set the price.”

Auctions save time and money for all concerned and are popular all over the world to sell various assets. At a real estate auction, property can trade quickly, at fair prices, in a surprisingly open, honest, transparent, and hassle-free process.

Surprisingly, 30% of all residential sales in Australian cities are sold through auction.

In Singapore, according to JLL, it’s now being recognized as an alternative method to sell high-end units.

About World Auction Alliance:

World Auction Alliance (WAA) is headquartered in Hong Kong and their management pioneered real estate auctions in the United States; having transacted over 2,000 units and $1.1 billion in auction sales in its first 3 years.

They also elevated themselves to be one of the top three real estate auctioneers in the US.

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Hong Kong Property Market Outlook in 2019: A Complete Overview

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Hong Kong is famously known for being one of the easiest and best places to do business. Income and corporate taxes are among the lowest in the world and you can set up a company within days.

Not to forget, the market is transparent and closely regulated. Hong Kong will always be a preferred destination for real estate buyers.

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 real estate is among the most expensive in the world, outperforming places like Singapore and Sydney.

Prices have increased by double digits and 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.

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Top Property Management Companies in Hong Kong: A Complete Guide

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Do you plan to buy property in Hong Kong S.A.R.?
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Hong Kong has some of the hottest real estate markets in the world, foreigners and mainland Chinese investors continue to push prices and property taxes to new sky-high levels.

Commercial property is high in demand, especially in the central business district where rents are among the highest in the world.

If you rent or plan to buy property in Hong Kong, you also need someone to maintain it for you. In this article, I present some of the biggest and most popular property management companies in Hong Kong.

1. Parkland Property Management

Parkland Property Management was founded in 1977 and has been a joint venture of Ryoden Development Limited and TL Property Consultants International Limited since 2011.

Ryoden Development Limited started out as early as 1983, acting as a property development company. TL Property Consultants International Limited, on the other hand, is a property consultancy from Shanghai.

The current executive director, Tony Ka-tung Leung, holds a Ph.D degree in business administration and has over 35 years of experience in real estate and in the hotel industry.

He previously worked at the Buildings & Lands Department and served several prominent property developers. The management team currently has 11 members.

The company won the award of “environmental management” in 2007 and their clients include companies like Pokfulam Terrace, and many more.

Continue reading Top Property Management Companies in Hong Kong: A Complete Guide

Hong Kong Property Loans for Foreigners: A Complete Guide

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Buying property in Hong Kong is straightforward and it’s not as common to come across non-serious real estate agents, in comparison with developing countries like Cambodia.

Still, prices are among the highest in the world, a reason why many Hong Kongers now decide to invest overseas, in countries like Vietnam instead.

If you buy property in Hong Kong, you’ll probably want to know what loan options you have. Therefore I’ve contacted a number of Hong Kong banks and written this guide. Let’s have a look.

How can I get a property loan as a foreigner in Hong Kong?

I was surprised when talking with different banks in Hong Kong and realized how open they are to foreign borrowers. The process to apply for loans is very similar between locals, PR holders and non-resident foreigners. This is something we’ve seen in Singapore as well.

The key aspect that determines how much you’ll be able to obtain is mainly depending on your source of income. The banks don’t take your nationality into consideration, which is good, it’s all about your source of income.

Continue reading Hong Kong Property Loans for Foreigners: A Complete Guide

Top Conveyancing Lawyers in Hong Kong: A Complete Guide

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Hong Kong’s real estate industry has been a melting pot the past years, even if the government has introduced a number of cooling measures, prices have increased insanely and property has become some of the most expensive in the world. It’s not strange why some Hong Kongers seek financing to invest overseas.

Some people still prefer to buy property in Hong Kong, there’s a reason why this crown jewel attracts investors from all over the world. Low taxes, warm breezes, a business climate that makes your adrenaline flow.

If you decide to buy property in Hong Kong, it’s highly recommended to hire a Conveyancing lawyer, that can help you with communication, to transfer the title and more. Therefore, I’ve written this article where I present some of the top Conveyancing lawyers in Hong Kong.

Introductory remark

a. There are hundreds of firms operating in Hong Kong so I’ve decided to write about both multinational firms and smaller local firms, as these serve different types of clients. If you’re dealing with bigger transactions and involved in commercial property, then perhaps Baker McKenzie is the right firm for you. If you’re an individual investor who want to buy residential real estate, then you should probably look elsewhere.

b. The Conveyancing lawyers are listed in a random order.

1. Hastings & Co.

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Getting an Overseas Property Loan in Hong Kong: A Complete Guide

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If you’re a Hong Kong citizen or a permanent resident foreigner, you can sometimes apply for a so called overseas mortgage.

The mortgages are designed to let you finance a property outside of Hong Kong, often you have the first contact with a bank in Hong Kong and you later transfer to a branch in the country where you intend to buy. They sometimes even help you to fill out the application, before the transfer is made.

Which banks offer overseas property loans in Hong Kong?

It’s not easy to find summarized about the banks that offer overseas mortgages (at least in comparison to Singapore), how much you can borrow and what conditions that apply. Therefore, I decided to do some research on my own and to write this article.

I’ve personally been in contact with a number of banks and with branches in Hong Kong (and the UK) to understand what overseas mortgages they offer. Let’s have a look.

1. BOC (Bank of China)

Bank of China, sometimes referred to as BOC, is one of the top four commercial banks in China. It opened its first Hong Kong branch in 1917 and has become one of the major players.

Continue reading Getting an Overseas Property Loan in Hong Kong: A Complete Guide

Top Real Estate Agencies in Hong Kong: The Ultimate Guide

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Do you plan to buy property in Hong Kong S.A.R.?
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Hong Kong is the crown jewel of Asia and one of the top three financial cities in the world, after New York and London. The legal system is transparent and buying real estate is straight forward, even if you can only get hold of leasehold property.

Even if there are many estate agents in Hong Kong, it can be a daunting task to find one, as many market themselves in Cantonese. Yet, you’ll be able to find a number of international agencies that are used to cater foreign buyers.

In this article, I’ve listed some of the most popular real estate agents in Hong Kong. Let’s have a look.

1. Engel Völkers

Engel Völkers was founded in Hamburg in 1977 and is one of the biggest franchised real estate networks in the world. The company currently employs over 10,000 people in 800 different locations. Chris Liem is the Principal and Owner of Engel Völkers Hong Kong and he previously worked at Lehman Brothers. Over the years, he’s managed to grow the office to around 20 persons.

The company has won a number of awards and reached major achievements, including:

  • “Best of the Best” Mid-levels Real Estate Agency by Squarefoot in 2012
  • Named Best Real Estate Agency in Central and Sheung Wan by GoHome for 2011
  • Engel & Völkers Hong Kong is the home of the 8th Top Agent in the Engel & Völkers global network for rental transactions

Property types

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