The Hong Kong property scene can be brutal for the uninitiated – sky-high prices, teeny-tiny homes, tons of paperwork, and often dodgy, greedy landlords.
No matter how strong your friend network is or how quickly you respond to Facebook real estate ads, very rarely do you find the perfect home, an un-sketchy landlord in the 852 without the help of a real estate agent.
Finding the right agents can also be an ordeal! Did we say house hunting in Hong Kong can be challenging? Iron out those stress lines peeps, we’ve gone through the struggle, done the research, so you don’t have to.
Whether you wish to buy or rent, location should be your number one priority when looking for a new abode because that’s one thing you can’t really change. Do your research, chat on Facebook groups, get advice on web portals/forums - target the right neighborhood, so you don’t end up living above a bar on a noisy street with little kids. Location, location location - so the saying goes.
Once you have a fair idea of your preferred location, think about factors like accessibility, proximity to the MTR, playgrounds, schools, cafes, commute to the workplace, your budget - your makes and breaks. If the brokerage is beyond your budget, go online and spend every spare minute inspecting your dream home on portals like AsiaXpat, GeoExpat, Squarefoot and Craigslist. Make sure to get your documents in place and go through every word of the lease carefully; unscrupulous landlords have a way of making you pay extra for every wear and tear.
For those who prefer to avoid the research, hire a real estate agent. They will negotiate on your behalf, guide you through the whole process, speak to your landlord about fixtures, repairs, and maintenance. The best apartments get snapped up real fast, so it’s never too late to go broker shopping ASAP.
The standard brokerage is around a month’s rental in Hong Kong, borne equally by the landlord and the tenant, and rental contracts typically run for two years. The commission is not set in stone, so there is room for bargaining. So best of luck!
Like any big city, Hong Kong has loads of realtor options. Other agencies cover multiple locations, with most of their listings online. So, if you have a fair idea of where you want to live, our advice is to go for the local property agencies in the area you have shortlisted. These agencies will have a wealth of information, and they can give you additional inputs, pros and cons of every apartment area-wise. But if you want to check multiple locations and then decide, we suggest you choose a well-established agency.
Scroll below for some prominent real estate agencies to help you in this daunting task with their wealth of information and endless inventory.
One of the third-largest real estate company in Hong Kong, Century 21 has over 110 branches across Hong Kong. They offer professional real estate consulting services through years of experience in the business and in-depth analysis of the real estate market. Whether you are looking to buy or sell, they are on your people, contact them today.
Centaline Property is a big fish in Hong Kong real estate market. With more than 400 offices sprinkled across Hong Kong and an ever-growing real estate portfolio, they snap two out of every five property transactions in the city. This translates into enthusiastic, professional agents who have a thorough understanding of the Hong Kong real estate market for the customers.
Drooling over luxury apartments is easy, but finding the right agency to help grab the one for you is challenging. Quite popular with the expatriates, Engel & Volkers are the market leaders in properties that include rooftop barbecues, private pools, decks and patios, yachts – basically luxury dwellings. So if villas on the Peak, roomy condos in Happy Valley or panoramic sea-facing apartments in Repulse Bay are your cup of tea, then book an appointment with Engel & Volkers today.
Engel & Völkers, Shop A, Ground Floor, 95 Caine Road, Mid Levels, Hong Kong, +852 2561 3616, www.hongkongev.com
With more than 300 branches spread across Hong Kong Island, Kowloon, New Territories, and employing thousands of professionals, Midland Realty is one of the biggest property agencies in Hong Kong. They are strong in both primary and secondary markets and serves residential as well as commercial sectors. It’s hard not to spot a Midland office wherever you are in Hong Kong – there’s an outlet with eager agents at every nook and corner of the 852.
Midland Realty, +852 2311 1200, www.midland.com.hk
Real Estate Agencies In Sai Kung And Clearwater Bay:
Real Estate Agencies In Central And Mid-Levels:
Real Estate Agencies In Causeway Bay:
Real Estate Agencies In Stanley And Southside:
Real Estate Agents In Discovery Bay:
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Real Estate Agents In Tung Chung and Lantau: