“In terms of market transparency, Hong Kong’s property market is not complicated for foreign buyers or investors, but in terms of the home price and total transaction costs, its property is relatively expensive to most foreign buyers."
The new challenge of housing Asia’s aging population
With Asia-Pacific’s elderly population expected to swell by almost five times by 2050 and family dynamics changing fast, the region is facing tough new challenges in how to house and care for the older generation.
By Knight Frank's latest index, Hong Kong is the world's most expensive market, where US$1m buys just 20 sqm. The same budget will only get you 39 sqm in Singapore, 48 sqm in Shanghai and 86 sqm in Tokyo, as per the index.
