We all know that Hong Kong's house prices are among the highest in China. How expensive are the house prices in Hong Kong whose living standards and conditions are catching up with those in the mainland? Today's editor-in-chief will show you how expensive the house prices in Hong Kong are, which is the real treasure.
In this way, the 'house' that Hong Kong people can afford is a little different from the 'house' that the mainland people understand. In other words, people in Hong Kong can afford a house by reconstructing their perception of it.
First of all, Hong Kong people accept that houses are luxurious and expensive, and ordinary people don't deserve to have too much. Nearly 80% of Hong Kong's housing is less than 70 square meters, which is still the building area. Geese people who have a little knowledge of the use area of Hong Kong's building area know how disgusting it is. Huge windows and other things are the building area.
Hong Kong people's 36 square meters are to be built out of a two room one hall one kitchen one bathroom. Three sides of the bed in the bedroom are against the wall. It's not an exaggeration that the rest area can't be opened with a 30 inch suitcase. The vast majority of ordinary Hong Kong people, working-class families of three or four, have lived in such houses all their lives.
As for the middle class in Hong Kong, the living standard is a little better. I have a deeper understanding of a middle-class community in Hong Kong. The environment is very good, the clubs are complete, the residents in and out are all fresh and decent, and the garden is full of Filipino servants playing with children. In this community, 80 square meters need to be made into three rooms, two halls, two bathrooms and one kitchen. 90 square meters means four rooms, two halls. This is the building area. You can imagine how big the specific room is. It can only be said that a bed with three sides against the wall in the bedroom can barely put a wardrobe and stand alone. The people who can afford such a house are all social elites.
A spacious three bedroom two hall house with an area of more than 100 square meters, the standard configuration of a small family of well-being in China's second and third tier cities, is absolutely a luxury house in Hong Kong. It's easy to buy one or two million. It is the people who can live in such a "normal and livable" house in the eyes of the mainlanders. In Hong Kong, they have to be rich people and bosses.
So the reason why Hong Kong people can afford a house is that they first push down the demand to the limit and buy a house that is too small. I think the Hong Kong people accept the idea that they will live in the house for a lifetime. Most ordinary people in the mainland struggle to pursue the house as their goal. Hong Kong people accept that they can't afford to live in this life, which is an illusion.
Secondly, people in Hong Kong accept that a house is worth most of their life's labor. The bank has also accepted this kind of setting, for example, 10% down payment, and the rest of the life will slowly return.
At an average wage of 12000 yuan, I saved four and a half million yuan in my thirties, loaned 90% of the money, and bought a two bedroom one hall with an area of more than 40 square meters, which has been paid off. If you are lucky enough to get promoted and become rich, you can change to a 70 square meter three bedroom two hall house in ten years and twenty years. Of course, the 90 square meter mansion is too luxurious.
Hong Kong people, from buyers to sellers, from the government to the bank, have deeply accepted this setting. Of course, they can afford to buy a house.
If we translate this setting to Beijing and Shanghai, we will build two rooms and one hall for 30 or 40 square meters, and make a down payment of one achievement to the house loan. The average price is 50000 yuan per square meter. The down payment is less than 200000 yuan. Think carefully.
How expensive is the house price in Hong Kong
In Hongkong, the city with the highest housing prices in the world, more and more people choose to rent together. The 'mini Ocean Park Station' has an area of 80-100 square feet and a monthly rent of HK $8500. Cynthia Cheung revealed that the first people who lived in the city were mostly college students, who had to face the reality.
With young people from cities such as New York, London and Shanghai struggling to cope with rising housing prices, the high cost of housing in Hong Kong has promoted the trend of CO renting to spread to the whole city and even the world. Statistics show that there are at least six existing and uncompleted co rental residential buildings in Hong Kong that started construction in 2015.
Previously, the Hong Kong government released the latest Hong Kong people's income statistics, which are divided by the median family income and occupation in each region. The median monthly income of Hong Kong households in 2016 was HK $25000, up 45% from a decade ago.
By region, Wanchai District has the largest monthly household income, including the traditional rich areas such as the middle half of the mountain and the top of the mountain. The average monthly household income is 38000 Hong Kong dollars, followed by 36000 Hong Kong dollars in the central and western districts, and 32000 Hong Kong dollars in the western industrial district. The lowest monthly income of households was in Sham Shui Po and Kwun Tong District, with only HK $20000. After looking at the monthly income of families, let's look at individuals. How much can the average monthly income reach? In 2016, the median per capita income in Hong Kong was HK $15000, and 25.6% of the 3.74 million people in Hong Kong had a monthly income less than HK $10000. 39.1% of them have a monthly income of HK $10000-20000; 22.5% of them have a monthly income of HK $20000-30000, while 12.8% of them have a monthly income of HK $40000 or more.
Hong Kong's housing rental market is relatively developed, with a very low vacancy rate. In recent years, the rental yield in Hong Kong is about 2% - 3%, which is equivalent to 2.5% in Singapore, but lower than 3% in London, 3% - 5% in Japan and 5% in the United States due to the rising house prices. In addition, the housing rental market in Hong Kong is highly fragmented, and the supply is mainly provided by individual investors and scattered in different residential buildings; the housing rental agencies in Hong Kong are all over the streets, and the intermediary personnel focus on the houses that are familiar with the area, which is the link between the landlord and the tenant. This kind of housing rental market is more suitable for densely populated big cities.
How much is the room rate per square meter in Hong Kong in 2018
In Kowloon City, an 181 square foot high-rise apartment sold for 25897 Hong Kong dollars per square foot (about 279000 Hong Kong dollars per square meter) in May for a total price of about 4.69 million Hong Kong dollars.
In order to cope with the decrease of available development area in Hong Kong, more and more real estate developers are "adapting to local conditions" to develop more apartments with decreasing area. JUNHE, a real estate developer, has launched a "flower shed apartment" with a construction area of only 12 square meters, equivalent to the size of a flower shed in California.
However, the price of such a small apartment is very 'touching'. According to Bloomberg, a Tesla Model X in Hong Kong starts at about $150000 (about RMB 1.01 million), while the same size (about 15 square meters) Mini apartment launched by Hong Kong real estate company Henderson real estate costs nearly $500000 (about 3.4 million RMB).