Hong Kong is one of the densest cities in the world. Yet quality of life at the higher-levels is extremely high if you’re able to afford it.
Land reclamation, infrastructure projects, and smart planning have kept condo and apartment prices lower in some areas.
For example, Disneyland and Hong Kong’s airport are both built on reclaimed land.
Boasting one of the world’s top public transport systems also makes life easier. Hong Kong’s MTR is fast, clean, timely, and comprehensive. It’s truly one of the finest metros anywhere on earth.
Shockingly high real estate values don’t necessarily mean the Hong Kong property market is a poor investment. Buying assets here is a great way to preserve wealth if you’re a certain type of investor.
Quite simply, people from all over the world want to live and work in Hong Kong. Chinese from the nearby mainland come to Hong Kong for freedom and opportunity.
Expat foreigners meanwhile arrive on plush salaries to climb the corporate ladder and gain international experience. Combine that with being a small island territory, add a population of over 8 million people, and real estate is bound to naturally be expensive.
As such, Hong Kong property investment is best for a specific group of buyers – high net worth individuals in particular.
The city won’t grow as quickly as Cambodia for example. But for those with a lot of spare cash, there’s something to be said about buying real estate in a global financial center with limited space.