The Hong Kong market is starting to recover from the financial downturn and prices are likely to stabilise this year. New developments continue to rise and become available on the island and the peninsula, and this first-hand market continues to be active. A higher percentage of these same sales are investment properties, but developers still see that buyers are frequently purchasing their personal use. More so, the second-hand market has been dynamic this year and newly renovated flats have high chances of being sold at the right price.
For the leasing market, the high-end rental market tenancy is dropping and we can see spaces being left vacant for months. Accordingly, some landlords are considering dropping their prices to welcome new tenants but others are waiting to see how the summer warms up. The larger companies are not offering the packages they used to; families relocating to Hong Kong have tighter options within the middle-range market. Although the New Territories, Discovery Bay and outer-lying islands are seeing a larger increase in demand, the asking prices are no longer as low as they once were.
Check out the gallery to see the Hong Kong property offerings below
Letizia Casalino, Hong Kong Sotheby’s International Realty
Rent: $95,000 (including 1 car park)
Size: 1,707 sq. ft
Bedrooms: 1 (ensuite)
Rarely available, beautifully renovated three-bedroom flat. A gorgeous open-plan chef’s kitchen features top-of-the line appliances, and spacious balcony offers fantastic sea views.
Big Bright Family Home
District: North Point Hill
Rent: $63,000 incl.
Size: 1,647 sq. ft
Bedrooms: 3 (1 ensuite)
Quiet yet convenient location, within easy reach of Tin Hau MTR. Good layout, bright spacious rooms, and a neutral design that can accommodate any type of furniture.
Great Investment Opportunity
District: Discovery Bay
Size: 1,776 sq. ft
Bedrooms: 3 (1 ensuite)
Stunning views take in the sea, Disneyland and beyond. This designer-renovated and spacious apartment has a superb kitchen with high-end appliances, and spa-style bathrooms
Exclusive Family Retreat
District : Tai Po
Size: 1,902 sq. ft
Bedrooms: 5 (1 ensuite)
This spacious five-bed house in exclusive Beverly Hills is available for moving in now, with a stunning private roof and terrace with boundless views of the nearby country park and sea. Attached facilities are every kid’s and parent’s dream.
Size: 2,626 sq. ft
Bedrooms: 4 (2 ensuite)
A wonderful fully renovated unit with one family room on top of the three bedrooms. Nice balcony affords beautiful views over Hong Kong.