Hong Kong Housing Prices

Prices for hotels for the traveler

• Hostel in the center from 15,8 - 21,1 USD = 15 - 20 EUR per bed, for example Atlas Hostel & Backpackers
• 2 - 3 star hotel room with an area of 15-20m2 costs 63,3 - 84,3 USD = 60 - 80. EUR for example Holiday Inn Express Hong Kong Mongkok
• 4 Star hotel room, 20-25m2 105,4 - 158,2 USD = 100 - 150. EUR for example Nathan Hotel

In a few metro stops from the center, the cost of hotels will traditionally be 20 percent lower. A way out of high prices and small rooms may be the popular daily rent of serviced apartments through AirBNB

You can view prices, book accommodations and read about the pros and cons of various hotel search engines in my review of hotel and apartment reservation systems

Cost of long-term rental of an apartment in Hong Kong

The world's highest housing prices and small areas

Prices are in expensive areas on the main island.

Examples of Central Areas: Causeway Bay, Wan Chai, Admiralty, Central, Sheung Wan, Sai Ying Poon, Kennedy Town

• Rent a cabin (room-bed) with an area of ​​4-6 m2 257 - 385,4 USD = 2 000 - 3 000 HKD per month
• Rent studio 20m2 1 541,8 - 1 927,2 USD = 12 000 - 15 000 HKD per month
• Renting an apartment of about 40 m2 2,6 - 3,2 USD = 20.000 - 25.000 HKD per month

Prices in low-cost areas

Off-center tranquil green areas Stanley, Discovery Bay, Sai Kung

Renting an apartment with an area of ​​40 m2 costs 1 927,2 - 2 569,6 USD = 15 000 - 20 000 HKD per month

Budget Accommodation in Hong Kong

Inexpensive accommodation on the Lamma or Pengchau islands. It takes 30 minutes to get to the mainland of Hong Kong by express ferry.

Features of apartments in Hong Kong

• For a long term, apartments are usually rented empty, unfurnished. Most often, tenants buy new furniture from Ikea or used furniture through ads
• Small areas imply a non-standard layout and combination of premises. For example, the bathroom is often separated from the room by a glass partition. The kitchen is combined with a hallway and dt.

Utility bills in Hong Kong

For an apartment of 40m2, the payment for electricity, water and gas can be 1 284,8 - 192,7 USD = 10 000 - 1 500 HKD per month. The main consumption is heating and air conditioning

Buying Home

Central areas

• Housing is incredibly expensive especially in central Hong Kong.
• A simple apartment of 40-45 m2 in a normal area costs about 1 027 842,1 - 1 413 282,8 USD = 8 000 000 - 11 000 000 HKD
• Cost for 1 sq.m. in the old house 25 696,1 - 32 120,1 USD = 200 000 - 250 000 HKD
• Apartment prices in new buildings are 1.5 times higher

Remote areas

A small apartment of 40-45m2 in a remote area of ​​Hong Kong costs 578 161,2 - 77 088,2 USD = 4 500 000 - 600 000 HKD

Websites for finding housing for long-term rent and purchase

• hkp.com.hk/en
• squarefoot.com.hk/en/
• hongkonghomes.com/en/

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