Welcome to Hong Kong

Welcome!

Whether viewed from one of the legendary Star ferryboats or from Victoria Peak, Hong Kong's picturesque harbor -- the world's busiest -- impresses every visitor. Lying at the southeastern tip of China, Hong Kong includes Hong Kong Island, Kowloon and the New Territories (including 235 outlying islands). While Kowloon is one of the world's most densely populated areas, the New Territories by contrast are largely rural and fields are still worked by water buffalo. Hong Kong was founded on free trade and many international companies have made it the headquarters of their Asian and Pacific enterprises, making Hong Kong the world's third largest financial center. The people of Hong Kong work hard and live fast. For though under British control for the past century, the people, the customs, the teeming open-air markets, the compelling streetlife, the ancient temples and the intense festivals of Hong Kong are thoroughly Chinese.

Real Estate in Hong Kong

The price of property in Hong Kong is extremely expensive compared to the rest of the world. This is due to the lack of usable land for so many people. Unlike the sprawling, low-rise developments in suburban areas of the U.S., Hong Kong residential property is built compact and high, though most newer developments offer club-style facilities such as swimming pools, squash and tennis courts. The average price of a middle class apartment in Hong Kong is about HK$3.5 million (USD $450,000) and the average rent for a middle class two bedroom apartment is HK$18,000 (USD $2,400) per month.

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