How much does a 1 bedroom apartment cost in Hong Kong?

A 1-bedroom apartment in Hong Kong generally costs between HK$11,000 and HK$20,000 per month for rent, with prices in the city centre often exceeding HK$16,500. Rental prices can vary significantly based on location,, with luxury options or prime areas often exceeding HK$28,000 monthly.

What is the average price of an apartment in Hong Kong?

One-Bedroom Apartment: A centrally located one-bedroom flat typically ranges from HK$16,500 to HK$20,000 per month. However, prices can vary widely from HK$12,000 to over HK$28,000 depending on the district.

How much does a one-bedroom apartment cost in Hong Kong?

Renting a House or Apartment

This is especially noticeable in Kowloon, where the population density is the highest. The average rent for a one-bedroom apartment in Hong Kong can range from 12,000 to 20,000 HKD (1,500 to 2,500 USD) or more per month.

How much should you pay for a 1 bedroom apartment?

One-bedroom apartments in central London (Zones 1–2) average around £2,121–2,252 per month, while outer boroughs (Zones 3–6) typically range between £1,700 and £2,000 per month. Interested in how rents vary by area?

How much money do you need to live comfortably in Hong Kong?

A monthly salary of HKD 20,000–30,000 (USD 2,550–3,830) can support a comfortable lifestyle in Hong Kong. While HKD 50,000 (USD 6,380) is considered a high income, it's well above the city's average salary of HKD 20,000 (USD 2,550), offering greater financial flexibility.

APARTMENT HUNTING in Hong Kong | Viewing 9 Flats (house rent prices + tours + location) 🇭🇰

Is HK cheaper than London?

TL;DR: In 2025, UK living costs offer 10-20% net savings for Hong Kong residents outside London, driven by 50-70% cheaper housing despite higher taxes and transport. Monthly expenses average £1,200-2,000; use tables below for precise budgeting in your UK move.

What is considered wealthy in Hong Kong?

Hong Kong's affluent investors are multimillionaires by the age of 39: HSBC survey. Hong Kong's affluent amass at least HK$10 million (US$1.28 million) in liquid assets by the age of 39, with the majority relying on investments to grow their wealth, according to a survey by HSBC.

Is buying a flat cheaper than renting?

If you're purely looking at whether buying or renting is the cheapest option, then owning a home is the clear long-term winner in terms of cost, assuming you're able to afford to buy a property.

How much would a one bedroom apartment cost?

Given that many 1 bedroom apartments have an area between 40 and 60 m², a typical unit can be estimated to cost approximately between €160,000 and €240,000 in prime locations.

What is the cheapest area to live in Hong Kong?

Sham Shui Po is one of the most budget-friendly districts in Hong Kong. Known for its traditional markets and street food scene, it offers a variety of low-cost housing options. The area is rich in culture, featuring local eateries and shops, and is well connected to the rest of Hong Kong via public transport.

Can a foreigner buy an apartment in Hong Kong?

Yes, foreigners can buy property in Hong Kong with virtually no restrictions. Unlike many other countries that impose limitations on non-residents purchasing real estate, Hong Kong has an open and transparent property market that allows foreigners to own residential and commercial properties outright.

Is it cheaper to rent or buy in Hong Kong?

When assessing rental cost versus purchase cost, renting is usually the more affordable option for most expatriates. Although it's important to note the slump in the HK property market has been accompanied by a corresponding rise in rental prices.

Is Hong Kong a cheap place to live?

In 2025, Hong Kong was ranked as the second most expensive city globally, driven primarily by high housing costs¹. While food and public transport remain relatively affordable, accommodation is the largest expense for most residents. Dining: A standard lunchtime meal in downtown Hong Kong averages HK$110 (US$14)¹.

What is a typical apartment in Hong Kong?

The "Typical" Hong Kong apartment will be on one level with a combined living-dining room, kitchen, maid's room and toilet, utility/laundry area, two/three/four bedrooms and one/two/three bathrooms.

How much should I save for a 1 bedroom apartment?

For upfront apartment costs, plan to save between $5,500 and $8,050 to cover the security deposit, application fees, first and last month's rent and moving costs. For ongoing apartment expenses after you've moved in, save up between $2,262 and $3,162 each month to cover rent, utilities and renters insurance.

Is it cheaper to live in the UK or Cyprus?

Low Cost of Living

The cost of living in Cyprus is 14.5% cheaper than in the UK, with rent 20% lower, restaurant prices 19% more affordable, and food shopping 12% cheaper. The average house price in the UK is £373,709 as of 2025, whereas Cyprus property is much more affordable at €250,000 (£217,500).

How much is a one bedroom flat to buy?

What is the average price of a 1-bedroom apartment in Dubai? Prices range from AED 800,000 in mid-market communities to AED 2 million+ in prime locations.

What is the 2% rule in property?

The 2% rule in real estate investing is a quick guideline where a rental property is considered potentially profitable if its monthly rent is at least 2% of the total purchase price (including initial repairs/costs). For example, a $200,000 property should aim for $4,000 in monthly rent ($200,000 x 0.02). It's a useful first-pass filter to screen properties for strong gross cash flow, but it doesn't account for all expenses and market specifics, so a detailed financial analysis is still needed. 

Is London richer than Hong Kong?

London has overtaken Hong Kong to become the world's second most expensive city for high net worth individuals, while Singapore retains its number one position, according to the Julius Baer 2025 Global Wealth & Lifestyle Report 2025. London has the potential to take the number one position next year.

Where do millionaires live in Hong Kong?

The Peak

Known for its breathtaking panoramic views of the city and Victoria Harbour, The Peak boasts luxurious mansions and high-end condominiums. The exclusivity, privacy, and lush surroundings make it the most prestigious address in the city.

What is middle class in HK?

In May 2022, HSBC Premier conducted a survey of 1,000 people in Hong Kong for fresh insights into middle class aspirations and financial needs. A key finding: a middle class person is widely thought to be someone with an average of HKD5. 9 million in liquid assets.