In a previous article, we explored the real estate market in Singapore and the real-estate market in Hong Kong.
Both markets are heavily regulated by the Government, but both have seen a marked increase in the amount of real estate that is sold to investors.
In Singapore, the average real estate price rose by 5.2 per cent last year to an average of $1.3 billion, according to the Real Estate Board of Singapore.
Hong Kong’s real estate prices, meanwhile, rose by 4.7 per cent to an annual average of HK$3.1 billion.
Hongkong’s real-property market has been a hotbed for speculation and illegal activity in recent years.
This year, it is forecast to have an average price of $4.6 billion, with a total of 6.3 million apartments.
The prices are largely driven by a surge in real estate deals, including a number of deals with large institutional investors.
In Singapore, Hong Kong and Singapore’s respective real estate markets, investors have been using an array of methods to acquire property, including buying through a broker and investing directly through an agent.
As a result, the price of real-life property is much more than a percentage of the value of the property itself.
However, the current trend is that the price that investors pay for their property is not necessarily the real price.
The real-time price of the home may rise, but the value at which it was sold is not.
The average price that real estate agents are charging to buy a home is more like a percentage increase.
The average real-home price in Singapore, for example, rose 3.9 per cent in 2016 to $1,846,000.
That’s about a $1 million increase.
In Hong Kong, the increase was 3.7, but there was only a $4,000 decrease.
According to a 2016 report by the Hong Kong government, Singapore’s real house prices have risen by about 20 per cent over the past two years.
In other words, the real value of real homes is rising at a rate faster than the price.
How much does it cost to rent a house in Hongkoung?
Renting a home in Hong Kong can cost anywhere from HK$10,000 to HK$25,000 per month.
One of the biggest issues in HongKong, however, is the cost of buying and selling property.
The number of properties that are currently available to rent is limited, meaning that many families struggle to find a suitable place to live.
According to a 2015 survey conducted by the Association of Hong Kong Real Estate Agents, about 50 per cent of households in Hong kong do not have an adequate amount of space for their new home.
If you are considering renting a property in Hong Hong Kong you will need to be aware of the different types of rental properties that can be rented, the costs involved and the length of the term that you will be renting the property for.
If you need help to determine if renting is right for you, we can help.
If you need to rent out your new house, we are happy to help you.
Our agents will help you rent a home, whether you are looking to buy or rent.