Real Estate in Stanley, Hong Kong
Last updated on Oct 05, 2024
Summary: Expats and retirees talk about real estate in Stanley, Hong Kong? How do you find a home in Stanley? Should you buy or rent? What is the cost of housing?
How do I find a place to live in Stanley?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"Finding a place to live in Stanley involves several steps. First, you need to determine your budget. This will help you narrow down your options and make your search more efficient. Next, you should research the different neighborhoods in Stanley. Some areas may be more residential, while others may be closer to shops and restaurants. Consider your lifestyle and personal preferences when choosing a neighborhood. Once you have a general idea of where you want to live, you can start looking for available properties. There are several online platforms where you can find listings, such as 99.co, Squarefoot, and Spacious. These websites allow you to filter your search based on your preferences, such as the number of bedrooms, the size of the property, and the price range. In addition to online listings, you can also work with a real estate agent. They can provide you with more personalized assistance and help you navigate the local real estate market. Make sure to communicate your needs and preferences clearly to your agent so they can find properties that match your criteria. Once you find a property you're interested in, arrange a viewing. This will give you a chance to see the property in person and assess its condition. Don't hesitate to ask questions about the property, such as the age of the building, the availability of amenities, and the terms of the lease. If you're satisfied with the property, you can proceed to negotiate the lease terms. Make sure to read the contract carefully and understand all the terms before signing. If necessary, you can seek legal advice to ensure that your rights are protected. Finally, once the lease is signed, you can start planning your move. Consider hiring a professional moving company to make the process smoother and less stressful. Remember, finding a place to live in Stanley, Hong Kong may take some time and patience, but with careful planning and research, you can find a home that suits your needs and preferences," said one person in Stanley.
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SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
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What is a typical expat home or apartment like in Stanley?
"Expat homes or apartments in Stanley are typically spacious and modern, with a blend of Western and Asian design elements. They often feature large windows that allow for plenty of natural light and offer stunning views of the surrounding area, including the ocean and mountains. The living rooms are usually large and open, often with a dining area. The kitchens are typically equipped with modern appliances and ample storage space. Bedrooms in these homes are usually generously sized, often with built-in wardrobes and en-suite bathrooms. Some homes may also have a study or home office, reflecting the needs of many expats. Outdoor space is also a common feature, with many homes having balconies, terraces, or even a small garden. These homes are often part of larger residential complexes that provide a range of amenities such as swimming pools, gyms, and playgrounds. Security is typically high, with 24-hour security services and gated entrances. Despite being in a relatively quiet and laid-back part of Hong Kong, these homes are usually well-connected to the rest of the city, with good public transport links and close proximity to international schools, making them ideal for expat families. In terms of interior decor, many expats opt for a minimalist, contemporary style, although it's not uncommon to see homes that incorporate traditional Chinese elements or eclectic, globally-inspired designs. Overall, expat homes in Stanley offer a comfortable, luxurious living environment that combines the best of Hong Kong's vibrant city life with a more relaxed, beachside vibe," said one person in Stanley.
SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
Click connect to have our partner contact you via e-mail and/or phone.
SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
Click connect to have our partner contact you via e-mail and/or phone.
What is the average cost of housing in Stanley?
If you are thinking about moving to Stanley, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The average cost of housing in Stanley can vary greatly depending on the type and size of the property. For a luxury apartment or house in this upscale neighborhood, one can expect to pay a premium price. The cost can be significantly higher than other areas of Hong Kong due to its desirable location and the high demand for properties. It's not uncommon for properties in Stanley to cost several million Hong Kong dollars. However, smaller apartments or older properties may be somewhat more affordable. It's always recommended to check with local real estate agents for the most accurate and up-to-date information," said one expat in Stanley.
Should I buy or rent a home in Stanley?
If you have not spent a lot of time in Stanley, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"The decision to buy or rent a home in Stanley, largely depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in Stanley for a long period, buying a home could be a good investment. Owning a property in this upscale neighborhood could provide you with a sense of stability and the freedom to customize your living space. However, the property prices in Stanley are among the highest in Hong Kong, and buying a home requires a significant upfront cost. You would need to consider if you can afford the down payment, mortgage payments, property taxes, and maintenance costs. On the other hand, renting a home in Stanley offers more flexibility. It's a good option if you're not sure about your long-term plans or if you can't afford the high costs of buying a home. Renting allows you to live in this desirable area without the financial commitment of homeownership. However, the downside of renting is that you won't build equity, and there's the possibility of rent increases or having to move if the landlord decides to sell the property. In conclusion, both buying and renting a home in Stanley, Hong Kong, have their pros and cons. It's important to carefully consider your financial situation, lifestyle, and future plans before making a decision. Consulting with a real estate professional or financial advisor could also be beneficial," remarked one foreigner who made the move to Stanley.
About the Author
Joshua Wood, LPC is one of the Founders of Digital Nomad Exchange and serves as Co-President of Expat Exchange. Prior to Expat Exchange and Digital Nomad Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.
SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
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SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
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