Property in Hong Kong is expensive

**FourLengthsClear** · 02-16-11, 10:50 PM

Still a bargain compared to the peak in the mid-1990's.
Mid-levels is a very popular area for expats.

**wtf** · 02-16-11, 10:51 PM

only 15% corporate tax here, flat rate buddy

**SteveB** · 02-16-11, 11:25 PM

Planning on moving there?

**nyed1010** · 02-16-11, 11:56 PM

slim, have you ever left your barn? Just kidding, you'll see prices like that in just about every big city.

**Jordan23** · 02-17-11, 12:03 AM

That does seem rather expensive...

**Buried_PIRATE** · 02-17-11, 12:08 AM

location, location, location???

pad looks aiiiiight pretty expensive tho

**Vegas_bond** · 02-17-11, 12:13 AM

A pretty expensive cage.

**treece** · 02-17-11, 01:42 AM

it's furnished so you're paying for the nice tv, sofa, bed etc. without that stuff it'd probably be 600k.

**forevergrindin** · 02-17-11, 03:52 AM

Well damn

**plzkthx** · 02-17-11, 03:54 AM

thats alot of money.

**mike1234** · 02-17-11, 05:07 AM

NYC apartments a bit more expensive

**Killer_Demo** · 02-17-11, 06:10 AM

what so great in HK thats it requires that price?

**k13** · 02-17-11, 07:40 AM

Saw similar in tokyo for like $2 million

**juuso** · 02-17-11, 07:50 AM

Yep, it's probably all aobut location.

**milwaukee mike** · 02-17-11, 08:15 AM

wow that's crazy
i am pretty sure commuting is tough in a place like hong kong so they can get away with those prices

has to be somewhere better to rent around there for the 6k/month that mortgage would cost?

**scarp** · 02-17-11, 08:18 AM

maybe its because they are over crowded!!! Thats probably considered a mansion there

**Slim** · 02-17-11, 02:17 PM

Originally posted by FourLengthsClear

Still a bargain compared to the peak in the mid-1990's.
Mid-levels is a very popular area for expats.

Around how much would that apartment cost in the mid-1990's?

**nikossf** · 02-17-11, 02:21 PM

Find something here in the U.S. man,.. You can still find cheap prices, just smaller cities...

**FourLengthsClear** · 02-17-11, 05:23 PM

Originally posted by Slim

Around how much would that apartment cost in the mid-1990's?

Actually when I look into it, it would have been a similar amount.

Property prices collapsed (by around 50%) between 1996 and 1998 and stayed roughly flat for 5 years after that. They have recovered since then.

When I lived there (moved in 1999) we had a 3000sq ft apartment in the New Territories which we rented for HKD 35,000 per month. It would be nearly double that now.

**acw** · 02-17-11, 09:34 PM

Slim,
If you have no daily obligations in HK, but lets say only twice weekly, then you better live in Macau. Still a lot cheaper.

**Slim** · 02-18-11, 03:23 AM

I was planning on getting a job in HK. I haven't really looked into Macau. All I hear about Macau is the gambling.

**sideloaded** · 02-18-11, 05:38 AM

Not that much, when I was in HK I made about 20k a week.

**aceking** · 02-18-11, 07:54 AM

the 4 worst places to live if you are not rich : New York , Tokyo , Singapore , Hong Kong .

**acw** · 02-25-11, 09:18 PM

Originally posted by aceking

the 4 worst places to live if you are not rich : New York , Tokyo , Singapore , Hong Kong .

I will not argue that those 4 places are expensive, but I disagree that you may not enjoy living there if you are not rich. In fact I enjoyed living in Hong Kong 15 years ago very much not being rich. Nowadays being able to spend a bit more I do not find Hong Kong any more attractive.

**onizuka** · 02-25-11, 10:56 PM

Yeah, agree, HK property known to be 1 of the most expensive in the world. Talking about Singapore, I'm glad Singapore is just 1 hour fly from my place

**Borat38** · 02-26-11, 12:49 AM

Why not Thailand, Vietnam or the Philippines? For that price, you could literally build a 5,000 sq.ft mansion. And these countries are all just +/- one hour away from HK by plane.

Make oodles of money in a developing country, playtime in a rich country.