Is rent expensive in Hong Kong?
Is rent expensive in Hong Kong?
Prime rents in Hong Kong averaged US$6.7 per sq ft at the end of 2020, meaning a tenant with a budget of US$10,000 per month would be able to rent less than 1,500 square feet.
How much does a 3 bedroom apartment cost in Hong Kong?
How expensive is housing and accommodation in Hong Kong?
| Renting in Hong Kong | Average monthly cost |
|---|---|
| One bedroom apartment (city centre) | HK$16,551 |
| One bedroom apartment (outside of city centre) | HK$11,006 |
| Three bedroom family home (city centre) | HK$39,800 |
| Three bedroom family home (outside of city centre) | HK$23,426 |
How much is monthly rent in HK?
List of prices in Hong Kong Current as of Jun 2022.
| Food | Update prices |
|---|---|
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | HK$45,492 |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | HK$32,725 |
| Utilities 1 month (heating, electricity, gas …) for 2 people in 85m2 flat | HK$1,513 |
Are apartments in Hong Kong expensive?
Hong Kong has the most expensive housing market in the world. Rent is so high, many can only afford to live in subdivided apartments known as “coffin homes.” But the problem isn’t land scarcity. Hong Kong has the most expensive housing market in the world.
How much is a 2 bedroom apartment in Hong Kong?
For somebody thinking about moving to Hong Kong, a 2-bedroom apartment would cost more than $3,700 per month to rent on average.
Why is Hong Kong rent so expensive?
Low Supply, High Demand On one hand, Hong Kong’s housing astronomical costs area a simple case of supply and demand. The city ranks as the fourth most densely populated among sovereign states or territories , with more than seven million residents spread across 1,106 square kilometers (427 sq miles).
How much is a one bedroom apartment in Hong Kong?
The average rent for a one-bedroom apartment in Hong Kong can range from 12,000 to 20,000 HKD (1,500 to 2,500 USD) or more per month. On the upside, most apartments easily meet the highest standards of living.
Why is rent so expensive in Hong Kong?
