A Quick Guide to the Hong Kong Real Estate Market
If you're looking to buy property in Hong Kong, you may know that it is the most expensive market in the world. Hong Kong's economic vibrancy and location make owning property worth the high price tag. For the right person, this is an opportunity like no other.
This guide is here to give you a quick look at the Hong Kong real estate market so you can decide if buying property is in your future.
Ready to learn more? Let's get started.
Can Foreigners Purchase Hong Kong Property?
In 1997, the British gave control of Hong Kong back to China. One of the conditions was that all the land would need to be on a lease for 50 years. This means that, technically, there is no freehold land in Hong Kong.
Since all plots are leasehold, foreigners get to enjoy the same ownership rights as locals ...