+852 2869 9069
Residential & Relocation Specialists
 
 
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New to Hong Kong
 
The market
 

Property is at the heart of Hong Kong life and finding the right home here can be a taxing experience.  Consistently ranked as one of the world’s most expensive cities in which to live
(it dropped three places down the Mercer’s 2010 Cost Of Living Survey to eighth position) the Hong Kong property market follows the fortunes of the global equities markets very closely.

 

A combination of factors conspire to make the fluctuations in the local market some of the largest to be found anywhere in the world.  A strictly limited supply of land, the domination of the new property sector by a few large developers and a massive public housing scheme (45% of residential apartments are under public control) all cause the market to be complex and hard to predict.  However the downward spirals caused by such external factors as SARS and the Asian Currency Crisis have been balanced by an ability for the city and its property market to bounce back with extraordinary vigour.

There are almost no restrictions on foreigners when it comes to buying or renting property in Hong Kong, that’s unless you happen to be from Afghanistan, Albania, Cuba, North Korea or amazingly mainland China (and without residency in another country).  However you are never going to become a landowner, St. John’s Cathedral is the ONLY freehold property in Hong Kong.

 

 
 
  To arrange an inspection contact us:
T: +852 2869 9069 · info@habitat-property.com
1201-05, 12/F, Yu Yuet Lai Building, 43-55 Wyndham St, Central Hong Kong
EA License C-024430
 
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