Should I rent or buy an apartment in Hong Kong, China
Flag of China
China Travel and Hotel Guide

Hong Kong Real Estate Calculator

Finding a Home In Hong Kong
If you plan to rent or buy a property in Hong Kong, finding your property will be a major step in your relocation to Hong Kong. If you have not lived in Hong Kong, you should rent rather than buy your property in Hong Kong, at least for six months. If you would like to rent or buy a real-estate property in Hong Kong you may email us at yatang@lvwo.com with your real-estate questions.

It is the best way to know not only if Hong Kong is the place you want to live or retire for the next few years, but also if Hong Kong is suited for you.

Apartments & Houses in Hong Kong
If you are planning on living in Hong Kong, it is likely that you will be living in an apartment/condo versus a house.

Please make sure that modern equipments, such as electricity and water should function to the maximum. Please double-check and make sure electrical outlets are located in every room and functioning.

Make sure you turn on the water and make sure that hot and cold water is functioning and flush the toilet, turn on the shower. Don't count on real-estate agents in Hong Kong to point out the negatives of a place they're trying to rent or sell you.

Hong Kong Agencies
Real-estate agencies in Hong Kong advertise in local Hong Kong newspapers and as well on their office windows.

You should be able to notice a real estate agency in Hong Kong by the window full of ads for the different apartments or houses they have available for rent or sell in Hong Kong.

Before you begin working with an agency in Hong Kong, check that their fees are acceptable and that they are a member of the Hong Kong Real-estate Assocation. In most rental agreements in Hong Kong most agencies charge a month's rent for a twelve-month rental agreement.

When selling a property in Hong Kong, real-estate agents in Hong Kong usually charge between 2.5% and 3% of the final sales price.
Monthly rent Hong Kong:RMB
Monthly Hong Kong rental insurance:RMB
Expected annual inflation rate in Hong Kong:  %
Purchase price of property in Hong Kong:RMB
Down payment amount:RMB
Length of Hong Kong mortgage term (years):#
Hong Kong Mortgage's annual interest rate:  %
Discount points on purchase of home in Hong Kong:  %
Origination fees:  %
Other loan costs in Hong Kong:RMB
Mortgage Insurance (PMI):  %
Hong Kong Homeowner's insurance rate:  %
Monthly association dues in Hong Kong:RMB
Average monthly maintenance of Hong Kong property:RMB
Hong Kong Annual property tax:RMB
Hong Kong plus government income tax rate:  %
Interest rate you expect to earn on savings in Hong Kong:  %
Expected percentage your Hong Kong home will appreciate by each year:  %
Number of years you will stay in Hong Kong:#
Hong Kong Realtor commission rate:  %
Total estimated cost of renting a property in Hong Kong:RMB
Total estimated cost of buying a property in Hong Kong:RMB
After coming to an agreement on a rental or purchase, both parties in Hong Kong sign the contract. However, it is not a legal agreement until the appropriate seals of the city of Hong Kong with a tax stamp has been purchased and affixed to ther agreement. You have to make sure before finalising the lease or purchase that the official seal of Hong Kong will be affixed to the agreement.

Renting
Real estate agencies in Hong Kong are the safest way if you want to rent or buy a property in Hong Kong. Please make sure they are a licensed agent in Hong Kong and very familiar with the Hong Kong property market.

Local newspapers in Hong Kong also advertise apartments and houses for rent, but word of mouth is the best way in Hong Kong. If you are currently an academic in Hong Kong, you could check local at local universities in Hong Kong, where apartments or rooms for rent are commonly posted.

In general rental rates in Hong Kong, increase by a small percentage each year in accordance with the government's annual cost of living reports in Hong Kong. You can find yearly leases in Hong Kong, and more short-term housing is available near academic institutes or around tourism areas within Hong Kong.

Short-term tourist housing in Hong Kong is fully furnished and most of the time fully equipped. If you have the budget, you could rent a serviced apartment in Hong Kong.

If you want to buy a property in Hong Kong, I would highly suggest you to have the property checked out by yourself and hire a lawyer in Hong Kong to check how much debts the property has currently registered and if those numbers matched with the seller of the property in Hong Kong.

If you are buying a brand new property, you'll need to pay property tax in Hong Kong. If your purchase is a luxury property, you may have to pay local taxes in Hong Kong and possible stamp duty.

Even as a non-resident homeowner in Hong Kong, you may become liable for all kind of taxes in Hong Kong, including income tax.

Hong Kong Mortgages
If you plan to take a mortgage in Hong Kong you need at least a 20% downpayment of the purchase price of the property in Hong Kong. Even if you generate rental-income from renting your Hong Kong property out, it is not considered by most lenders as you may decide to move in, at a later time.

The Hong Kong Real Estate calculator will help you to compare the costs of renting a house or condo in Hong Kong to the costs of buying a house or condo in Hong Kong. Since there are all kinds of forces at work behind the scenes such as the current interest in Hong Kong, Hong Kong property taxes, tax savings, appreciation in general to investments in Hong Kong, comparing the cost of renting to the cost of buying in Hong Kong is a lot more complicated than just comparing the monthly mortgage payment to the monthly rent payment.

The Hong Kong Calculator attempts to forecast the net effects of all the hidden forces so you can make an informed decision before buying or renting a property in Hong Kong.

Help Buttons: For pop-up explanations of any of the entry fields, click the radio button next to the description.

NOTE: Be sure to enter "0" (zero) in any entry boxes that don't apply to you. Also be sure that only numbers and decimal points are entered into the fields.

Property Types in Hong Kong

  • Hong Kong Multi-Family
    Traditional, multi-family residential complexes located in Hong Kong and suburban markets of Hong Kong.


  • Hong Kong Mixed-Use
    Properties in Hong Kong that integrate and combine residential with different uses, including retail and office spaces.

  • Hong Kong Office
    Traditional office or office type properties in Hong Kong.


  • Hong Kong Retail
    Properties in Hong Kong with a mix of tenants that meet the convenience needs of neighborhood residents, including video stores, grocery, and financial services companies within Hong Kong.


  • Hong Kong Light Industrial
    Single- or multi-tenanted spaces in Hong Kong used for warehouse, manufacturing, distribution, or research and development in Hong Kong.

Beijing Real Estate - Xian Real Estate - Shanghai Real Estate - Hong Kong Real Estate - Jinan Real Estate - Guangzhou Real Estate - Guangdong Real Estate - Chengdu Real Estate - Xiamen Real Estate - Zhengzhou Real Estate - Kowloon Real Estate - Shenzhen Real Estate - Beihai Real Estate - Dalian Real Estate - Nanjing Real Estate - Chongqing Real Estate - Hangzhou Real Estate - Harbin Real Estate - Kunming Real Estate - Pudong Real Estate - Qingdao Real Estate - Wuhan Real Estate - Shenyang Real Estate - Tianjin Real Estate - Shaanxi Real Estate - Sichuan Real Estate

China Hotels | Hotel Bookings | China Domestic Flights | China International Flights | Travel in China!