I found this full episode of Buying Asia on YouTube talking about the Hong Kong real estate market from an expatriate’s view. It may be a 2 year old video now, but I think it’s a good look at Hong Kong’s crazy real estate market. Hong Kong is often touted as one of the most expensive real estate markets in the world. In central Hong Kong, prices are easily USD$2000 per square foot. Then there’s the USD$4 million fishing village homes. Pretty astronomical.
However, the show doesn’t really cover the neighbourhoods where most of Hong Kongers live. The show focuses on areas where ex-pats might want to buy/invest. However, even cheaper neighbourhoods could run HKD $3-4 million for a typical 400-500 square foot flat. That’s about USD $350k-500k. That’s still not cheap, but it certainly makes Vancouver look like a bargain. 🙂