There is a saying about Hong Kong Real Estate, "Hong Kong has very little land and many people."

Above is a high-end housing estate in Cyber Port.

In talking about Hong Kong Real Estate that is very true. To accommodate over 8 million people is not easy. That's why real estate is a very good money-making business. Why? Let me give you a couple examples.

In 1993, my father sold an apartment which was 1,750 sq. ft. with full harbor view for HK$8 million (which is over USD1 million).

My mom sold her 450 sq. ft. apartment for HKD$3,395,000 (which is about USD425,000) in 2007. And it was mid-grade apartment housing. You can imagine how much it would cost if it came to the one like my father sold.

No matter where you live, you can never get rid of one of these 4 categories.

Clothing - You got to have some clothes to keep you warm. There are a few areas where you can buy decent clothes with superb quality and crazily low price. Also, at the same time, you can spend as much as you want.

Food - Eating at home is not only the best, but also the most economic way to save the money. But Hong Kong does have restaurants serving great meals with very reasonable price.

Housing - To most of the Hong Kong people , owning an apartment is their ultimate goal in life. It is because it costs you a lot.

Transportation - Although it is very convenient to go anywhere in Hong Kong, there are some places comparatively not that convenient. It is one of the factors affecting the housing price.

Housing is the major expense of living in Hong Kong among these 4. The rest can be very cheap.

Learn more about Real Estate or Property.

Return from Hong Kong Real Estate page to Facts About Hong Kong Homepage