Real Estate in Hong Kong
Last updated on Apr 12, 2025
Summary: The most desirable neighborhoods in Hong Kong, Hong Kong are typically located on Hong Kong Island, such as Central, Mid-Levels, and Repulse Bay. The average cost to buy a nice 2 bedroom home in these areas is around US$2.5 million, while a nice 3 bedroom home can cost up to US$4 million. These properties typically include modern amenities such as high-end appliances, marble countertops, and spacious balconies with stunning views. Foreigners are allowed to purchase properties in Hong Kong, but there are restrictions on the type of property they can buy. For example, foreigners are not allowed to purchase properties in the New Territories or on the Outlying Islands. When searching for a home to buy in Hong Kong, it is important to research the area and the property thoroughly. Expats should also consider their budget and lifestyle when looking for a home. It is also important to work with a reputable real estate agent who can help them find the right property.
How do I find a place to live in Hong Kong?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"We used a relocation company/agent to help us find our first neighborhood and apartment. It was great - but full of other expats. We wish we would have lived in an area with more local culture. Newcomers will want to think about that - do they want more local culture or comforts from home?," explained one person living in Hong Kong, Hong Kong.
"Finding a place to live in Hong Kong can be a daunting task. It is important to research the different neighborhoods and districts to find the best fit for your lifestyle. You can start by looking at online listings such as Craigslist, Expat.com, and AsiaXPAT. Additionally, you can look for rental agencies that specialize in Hong Kong properties. These agencies can provide you with a list of available properties and help you find the best fit for your needs. Additionally, you can look for local newspapers and magazines that list rental properties. Finally, you can also ask friends and family who live in Hong Kong for advice and recommendations," said one expat in Hong Kong.

Connect
SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
Click connect to have our partner contact you via e-mail and/or phone.

SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
Connect
Click connect to have our partner contact you via e-mail and/or phone.
What is a typical expat home or apartment like in Hong Kong?
"Expat homes and apartments in Hong Kong are typically modern and luxurious, with high-end appliances and furnishings. Many expat homes and apartments have spectacular views of the city skyline, and some even have access to private outdoor spaces. Expat homes and apartments often come with amenities such as swimming pools, gyms, and concierge services. Expats in Hong Kong also have access to a wide range of international schools, shopping malls, and restaurants," remarked one foreigner who made the move to Hong Kong.
"Our first apartment was a very nice, large (for HK) apartment in an expat neighborhood (MidLevels). Yes, I think most expats live in this area. The apartments in this area are generally Westernized (for example, they have ovens - many HK apartments do not!). I'd recommend the area to newcomers, then they can assess if they want a more walkable area with local culture (as we did). But we are happy that we started in MidLevels," explained one person living in Hong Kong, Hong Kong.

SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
Click connect to have our partner contact you via e-mail and/or phone.

SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
Click connect to have our partner contact you via e-mail and/or phone.
What is the average cost of housing in Hong Kong?
If you are thinking about moving to Hong Kong, cost of living in probably a key consideration. Expats commented about the cost of housing:
"25.000 HKD/mth for 800 sqft in a 20 year old buliding in walking distance to subway (MTR) station in New Territories," said one expat who made the move to Hong Kong.
Should I buy or rent a home in Hong Kong?
If you have not spent a lot of time in Hong Kong, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"Buying a home in Hong Kong can be a great investment, as property prices in the city are generally high and have been steadily increasing over the years. However, it is important to consider the cost of living in Hong Kong, which is also high, and the availability of housing, which can be limited. Renting a home in Hong Kong can be a more affordable option, and it can also provide more flexibility if you are not sure how long you will be staying in the city. Ultimately, the decision to buy or rent a home in Hong Kong will depend on your individual circumstances and budget," said one person in Hong Kong.
What do I need to know when buying property in Hong Kong?
When we asked expats what advice they would give a foreigner before buying a property in Hong Kong, they said:
"When buying property in Hong Kong, it is important to understand the local laws and regulations. It is also important to research the local market and be aware of the current market trends. It is also important to understand the different types of property available, such as residential, commercial, and industrial. It is also important to be aware of the different taxes and fees associated with buying property in Hong Kong. Additionally, it is important to understand the different financing options available, such as mortgages, loans, and other financing options. Finally, it is important to work with a qualified real estate agent who can help guide you through the process," remarked one foreigner who made the move to Hong Kong.
Are foreigners allowed to own property in Hong Kong?
When we asked expats what advice they would give a foreigner before buying a property in Hong Kong, they said...
"Yes, foreigners are allowed to own property in Hong Kong. There are no restrictions on foreign nationals buying, owning, or investing in real estate in the city. However, it is important to note that property prices in Hong Kong are among the highest in the world, and the purchasing process may involve various taxes and fees. Additionally, land in Hong Kong is owned by the government, so property ownership is typically in the form of a leasehold, rather than freehold," wrote one expat who made the move to Hong Kong.
What appliances are typically included in a rental?
We asked foreigners in Hong Kong what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:
"In Hong Kong, rental properties typically include a refrigerator, washing machine, air conditioner, and stove. Some properties may also include a microwave, dishwasher, and water heater," said one in Hong Kong.
Additional Information about Searching for a Home in Hong Kong:
We asked foreigners in Hong Kong what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included...
"Expats searching for homes in Hong Kong typically begin by researching online property listings on websites such as Squarefoot, 28Hse, and Spacious. They may also consult with local real estate agents who are familiar with the expat community and can provide guidance on suitable neighborhoods and properties. Additionally, expats often join online forums and social media groups where they can ask for recommendations and advice from fellow expats who have already gone through the process of finding a home in Hong Kong. Some may also visit popular expat neighborhoods in person to get a feel for the area and scout for rental signs or notices. Finally, networking with colleagues and friends who have experience living in Hong Kong can also be a valuable resource for finding a suitable home," explained one person living in Hong Kong, Hong Kong.
About the Author
Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC
Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.
Additional Information:
- Expat Guide to Hong Kong
- Driving in Hong Kong
- Cost of Living in Hong Kong
- Health Care in Hong Kong
- Discovering the Best of Hong Kong
- Healthcare & Health Insurance in Hong Kong
- Best Places to Live in Hong Kong
- Pros & Cons of Living in Hong Kong
- Guide to Residency in Hong Kong
- Pros and Cons of Living in Hong Kong 2025