Is Commercial Real Estate in Hong Kong Truly Unaffordable?
By HK Lawyer AJ Halkes Barrister-at-Law
AJ Halkes
People in Hong Kong consistently claim you can’t buy a decent business premises so they are held hostage by greedy landlords; yet perhaps they are slightly out of touch.
Monitoring the market and understanding trends can be tough, especially for English speakers. Yet, is it fair to say that commercial real estate in Hong Kong is completely unaffordable for those looking to establish a long-term business?
Consider a property on Hollywood Road, with ground floor visibility and a cockloft that makes the usable area around 1,000 sq. ft. The large frontage also serves as a valuable billboard. Priced at HK$16.8 million (just over USD 2 million), this doesn’t seem excessively expensive for its prime location. In fact, the price is comparable to high-end residential properties in Hong Kong.
For anyone interested in gaining insights into the Hong Kong retail real estate market, you could follow Dr. Edwin Lee 李根興. He has recently started providing commercial property updates in English on YouTube, making it easier for a broader audience to stay informed.
People in Hong Kong consistently claim you can’t buy a decent business premises so they are held hostage by greedy landlords; yet perhaps they are slightly out of touch.
Monitoring the market and understanding trends can be tough, especially for English speakers. Yet, is it fair to say that commercial real estate in Hong Kong is completely unaffordable for those looking to establish a long-term business?
Consider a property on Hollywood Road, with ground floor visibility and a cockloft that makes the usable area around 1,000 sq. ft. The large frontage also serves as a valuable billboard. Priced at HK$16.8 million (just over USD 2 million), this doesn’t seem excessively expensive for its prime location. In fact, the price is comparable to high-end residential properties in Hong Kong.
For anyone interested in gaining insights into the Hong Kong retail real estate market, you could follow Dr. Edwin Lee 李根興. He has recently started providing commercial property updates in English on YouTube, making it easier for a broader audience to stay informed.
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