Shuli Ren, Columnist

Is This the Right Time to Buy a Hong Kong Apartment?

The city’s real estate market is warming with the spring weather, as central banks unleash trillions of dollars in stimulus.

February 25, 2021 at 10:30 PM UTC

By Shuli Ren

Shuli Ren is a Bloomberg Opinion columnist covering Asian markets. A former investment banker, she was a markets reporter for Barron’s. She is a CFA charterholder.

A worker walks past residential buildings at the Wetland Seasons Park project in the Tin Shui Wai area of Hong Kong, China, on Jan. 31. — A worker walks past residential buildings at the Wetland Seasons Park project in the Tin Shui Wai area of Hong Kong, China, on Jan. 31.
Photographer: Billy H.C. Kwok/Bloomberg

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Is it the warm spring weather, or that Hong Kong is finally reopening after nearly three-months of semi-lockdown? Last weekend, Sai Ying Pun, a residential neighborhood two subway stops west of the central business district and 15 minutes’ walk from the Hong Kong University campus, was abuzz with visitors. People were shopping for apartments.

Two friends came to see my two-bedroom to get an estimate of how much rent they could collect from a 488-square-foot unit that, according to HSBC Holdings Plc estimates, should cost slightly over HK10 million dollars ($1.28 million).