LETIZIA GARCIA CASALINO, Head of Residential Services Colliers International Hong Kong, gives us the lowdown on the Hong Kong property market and shares details of five fantastic homes for sale and lease.
“December is one of the most festive months of the year. Whether you’re getting ready to travel abroad to your loved ones or you plan on staying in Hong Kong to host a full feast of food, it’s also the month where “home” means something rather special – particularly in a place like Hong Kong where words like “liveability” and “affordability” are constantly the talk of the town.
After this year’s Government Policy Address, which relaxed the eligibility requirements for mortgages intended to help first-time homebuyers, the market shook between HK$6 and 7 million. The cap on property value under the Mortgage Insurance Program was raised to allow first-time buyers to obtain as much as 90 percent of the property value for dwellings under HK$8 million; and the cap for apartments eligible for mortgages of up to 80 percent will be similarly raised from HK$6 million to HK$10 million.
On the leasing side, the rental market has been rather resilient, especially within the mass market and with a continuous lack of supply; 2020 will be an interesting year for Hong Kong in terms of affordability and availability in the market. It’s likely to be a good opportunity for investment. Still, whether you’re looking to lease, list, buy or sell, we’re ready to give a helping hand.
Properties for sale and rent
Area: Happy Valley
Rent: $69,000 incl.
Size: 1,656 sq. ft
Reference ID: 179061
This lovely, renovated walk-up apartment creates a spacious family home with its highly efficient layout. Features include a master bedroom and walk-in wardrobe, maid’s room with bathroom, a separate store room and one uncovered car park. It’s located in a quiet residential area with easy accessibility to the conveniences of Lower Happy Valley.
Area: Mid-Levels West
Size: 449 sq. ft
Reference ID: 180221
This open-plan, luxury one-bedroom apartment is in a contemporary building with swimming pool, gym and barbecue area. Located on Caine Road opposite the Mid-Levels Escalator, it offers the ultimate in convenience, with nearby access to Central MTR and the vibrant night life of LKF and Soho.
Area: Lamma Island
Size: 2,100 sq. ft
Reference ID: 178376
Located in Mo Tat Wan on Lamma, a 25-minute ferry ride from the Aberdeen pier, this is a tastefully refurbished house with an open-kitchen plan, plenty of storage space and a walk-in closet in the master bedroom. There are outdoor spaces on every level where you can make the most of the quiet island atmosphere.
Rare Roof Terrace
Area: Sai Ying Pun
Size: 449 sq. ft
Reference ID: 179387
This stylish one-bedroom apartment with a private rooftop terrace is situated in the heart of Sai Ying Pun. It offers a spacious combined living and dining room area with an open kitchen with fully fitted appliances. The large private roof terrace is great for alfresco dining and has lovely views of the city. Some great eateries are on the doorstep, and the MTR is only minutes away. Suitable for both self-use and investment.
Area: Sai Kung
Rent: $70,000 incl.
Size: 3,222 sq. ft
Reference ID: 179734
Part of a gated estate with security and swimming pool, this spacious family-sized house is just 10 minutes to Choi Hung and Hang Hau MTR Stations. Aside from the four bedrooms and two bathrooms, it has a separate family and dining room, a maid’s room, two guest toilets, plus a garden, balcony, roof-top and two carparks.
For more detail on these properties or to see more options, go to colliersresidential.hk
See more in our Living in Hong Kong section
This article first appeared in the December/March 2019/20 issue of Expat Living magazine. Subscribe now so you never miss an issue.