Hong Kong is a multifaceted city that is planning to build an $80 billion artificial island to combat the worsening housing crisis. According to the real estate firm CBRE’s fifth annual Global Living report that analyzed more than 30 global cities, Hong Kong has once again been found to be the least affordable place to buy a home. The region is also expensive when it comes to the rental market with an average monthly rent of more than 2700 US dollars. Property 852 is a reputed property portal that aims to support people who are trying to cope with the soaring prices in their endeavors to find Hong Kong apartments for rent or sale.
The average price of a home in Hong Kong is more than 1.2 million dollars. Foreign nationals moving to the city attracted by its booming trade can be discouraged by the lack of proper guidance regarding the real estate market. Property 852 allows clients from outside Hong Kong to advertise their properties in the portal widening the choice for those looking for housing options.
About 1.3 million people in Hong Kong which is roughly 20% of the total population live below the property line. Among the remaining inhabitants of the city, most have a limited budget and struggle to find affordable Hong Kong apartments for rent.
Property 852 is an online platform that aspires to help them by providing a medium where they can get information about apartments based on their requirements such as minimum square foot area, preferred locations, and price limit.
The more than 7 million Hong Kong residents and the Hong Kongers who have moved to different parts of the world in search of financial success and knowledge need a forum to learn about the housing situation of the region.
Property 852 attempts to serve as a vehicle which can be used to acquire valuable information about domestic and international properties irrespective of the residential status of its clients.
