1 USD = 7.83 Hong Kong Dollar
Hong Kong has one of the most expensive housing market in the world.
$1 million USD gets you on average 221.74 SF of luxury real estate
Price per SF in City Center: 19,829.09 HK ($2,532 USD)
Price per SF Outside of Center: 12,992.50 HK ($1,659 USD)
The entire housing market currently averages around $2,595 per SF. This number is slightly down from the average of $2,686 per SF at the end of last year.
Note: In Hong Kong almost all land is owned by the government, and is leased. In fact, the only freehold land on Hong Kong is St. John’s Cathedral.
Fees: In an effort to cool off the market in 2012, a 15% buyer’s stamp duty (BSD) was required from foreigners buying properties in Hong Kong. The BSD imposed at 15% only applies to expats without a permanent resident’s card. However, it should be noted that if the foreign buyer’s spouse is a permanent Hong Kong resident, the BSD doesn’t apply.