Being one of the busiest cities in Asia, many investors look to a Hong Kong property as an investment. This is amid the market volatility brought about by increase in housing supply, competition from other global cities and the Hong Kong government’s implementation of cooling measures.
No matter if you take the current situation as a hurdle to your investment plans, the search for an overseas property often begins with finding a location that meets your needs. While timing is everything in overseas buying, location is just as crucial. At Yazhou Property, we break down the locations that you should consider if you’re a foreigner moving to Hong Kong or an individual eager to make an overseas property investment.
Bird’s eye view of Wan Chai
For those who want to be in the centre of all the action in Hong Kong, Wan Chai is a strategic choice thanks to shops, restaurants and transportation being easily accessible. Despite the number of commercial establishments dotting this urban district, there are still residential areas—albeit living spaces being on the small side—that offer a trendy lifestyle. Investments in Wan Chai are geared towards properties that will later on be rented by local residents or shop owners.
Mid-Levels residential area | Photo courtesy of Wpcpey via Wikipedia
According to Expat Arrivals, the Mid-Levels are popular among single expats and young couples because of how accessible it is to the city centre and the energetic nightlife of Soho and Lan Kwai Fong. As such, buying a Hong Kong property in this area proves highly advantageous no matter if you’re looking to move here or have it as a property investment.
Central Mid-Levels are where high-rise apartments are typically situated. Over at the east are quieter and private houses, while the wests Mid-Levels are a combination of old and new apartments. Families shouldn’t also disregard the area, as the Mid-Levels are close to international schools and good hospitals as well.
Chinese Estate Holdings’ 55 Conduit Road development in the Mid-Levels West district is worth a look with its stunning harbour view and distinctive range of apartments.
Repulse Bay and Stanley
Repulse Bay Beach
Property investors interested in a more calm, peaceful and idyllic location need to check out the areas of Repulse Bay. Peppered with expat families, the area is close to international schools. Stanley, located just down the coastline from Repulse Bay, offers the same setting but more affordable. If an overseas property in these areas is more in line with your needs, expect luxurious developments such as the Burnside Villa.
Happy Valley and Jardine’s Lookout
Sunset over Happy Valley
Described as an “upmarket Hong Kong neighbourhood,” Happy Valley is preferred by many foreigners moving to Hong Kong because of its proximity to retail outlets, pockets of green spaces and Causeway Bay in spite of Hong Kong property prices here being steeper.
Found higher than Happy Valley is Jardine’s Lookout, a mountain and residential area favoured by foreigners because of the luxury, exclusivity and security to be had. Here, they even have their own grocery stores, post office, and other amenities.
The Peak in Hong Kong
With the best views in all of Hong Kong, there’s no wonder owning a Hong Kong property in the affluent area of The Peak is often reserved for the wealthy. The Peak is home to developments consisting mostly of townhouses and single-family homes.
Developments by Wheelock Properties such as the Gough Hill Residences and Mount Nicholson uphold the district’s penchant for class and exclusivity. With homes often enjoying private or communal swimming pools, tennis courts and more, investing in an overseas property at The Peak can be a luxurious personal choice or a wise investment suitable for affluent expatriates.
Want more Hong Kong property news or guides on how to make an overseas property investment? Have a look at Yazhou Property’s blog featuring top Asia properties. You can also send us a message to know more about our services.