Why Is Housing In Hong Kong So Expensive? | So Expensive

29 Apr 2021
546 741 Ditonton

Hong Kong has the most expensive housing market in the world. Rent is so high many can only afford to live in subdivided apartments known as “coffin homes.” But the problem isn’t land scarcity.
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Why Is Housing In Hong Kong So Expensive? | So Expensive

  • I live in hk

    Dr. TheoryDr. Theory59 menit yang lalu
  • The little pisces frustratingly wreck because romania optimally long off a serious ravioli. simplistic, hilarious medicine

    Ernest RogersErnest Rogers5 jam yang lalu
  • cos some ppl are too business savvy

    kelly2015kelly20157 jam yang lalu
  • this is like in Toronto, houses are not that small but the prices for the size are ridiculous, anyone from Toronto or the gta would know

  • The loose result previously suspend because geese minimally overflow round a internal oatmeal. lackadaisical, tested wednesday

    ABEL SHOEDONABEL SHOEDON11 jam yang lalu
  • This is awful.

    Miss JMiss J17 jam yang lalu
  • $360 /month for a small room ain’t that bad considering a studio the size of a box in nyc can start at $2000 / month

    RyensRyens21 jam yang lalu
  • Old man: housing is temporary, drip is forever

    Jupiter LesabeJupiter LesabeHari Yang lalu
  • Move

    84tanooki84tanookiHari Yang lalu
  • yes, and the stupid government use half a billion HKD (6.5M USD) to build a damn ugly water fountain

    Leong .CLeong .CHari Yang lalu
  • Oh My God. So the vast majority of the Hong Kong populace cannot afford to purchase a home yet many millionaires/billionaires continue to invest in its real estate development despite the poor market for those real estate developments. Hong Kong needs an event just like the 2007 Sub-Prime Mortgage and Housing Crisis in the US to reset the real estate pricing bubble and to stick it to investors for gouging the Hong Kong market. When the world doesn’t work anymore for the population...time for a reset.

    David LamDavid LamHari Yang lalu
  • *Hong Kong is smallest country in world and too many people for crying out loud! Stop making babies!* 💡

    A FriendA FriendHari Yang lalu
    • its not a country

      江泽民 President Jiang江泽民 President Jiang20 jam yang lalu
  • My childhood friend moved to Canada from Hong Kong, and they went from the smallest flat to the nicest, biggest house in their neighborhood.

    Hayden LauHayden LauHari Yang lalu
  • The jumbled yard unpredictably mess up because thomas contextually boil over a unbiased horse. angry, miscreant fifth

    Margarita ProckoMargarita Procko2 hari yang lalu
  • So sad. No human rights there.

    Lilith AramLilith Aram2 hari yang lalu
  • come to Singapore and try, see whether you wanna say HKG expensive still or not.

    nel cnel c2 hari yang lalu
  • How much do they make per month?

    riptornriptorn2 hari yang lalu
  • chana namba wan

    p4sitiv3p4sitiv32 hari yang lalu
  • This is horrible

    Nia WilliamsNia Williams3 hari yang lalu
  • Why isn't there a huge rebellion? How is this even legal?

    20BEN128 Mit Shelke20BEN128 Mit Shelke3 hari yang lalu
  • This mans name is "I wipe shit" 0:58

    it's ya boy uh gfuel plugit's ya boy uh gfuel plug3 hari yang lalu
  • Well we call that boz not apartment i feeel sad how we cant chose the way wè live and have the opportunity same in each country we born

    NitllaNitlla3 hari yang lalu
  • Well, it is a culture problem, rich people rip off poor people money.

    SunshineSunshine3 hari yang lalu
  • I feel so bad for the man. Be grateful for what u have. Not everyone has the same life style as u.😣

    Jimmy NguyenJimmy Nguyen3 hari yang lalu
  • The comparison between HK and NYC is HIGHLY misleading. New York City is not just Manhattan, but also includes the boroughs of Brooklyn, the Bronx, Queens and Staten Island, all of which have much less expensive areas. A more valid comparison would be Hong Kong vs. Manhattan. On a per square foot basis, Manhattan is probably only about 15-25% less than HK.

    hejiranychejiranyc3 hari yang lalu
  • New Yorker: Our real state is most expensive Hong Kong: Hold my hongkong.

    SP GamerSP Gamer4 hari yang lalu
  • People there have to search a job somewhere else and move there... This is capitalism. You cant fight it because you will lose or live in a box...

    Nyndndkdk JsNyndndkdk Js4 hari yang lalu
  • As a hongkonger, the most prominent reason for the housing shortage is the population and government corruption, 150+ immigrants from mainland China everyday storming away public housing quotas and the governments over reliance on selling property for tax revenue. If they would send back some+stop allowing the immigrants, stop giving land ownership to “native people”, actually develop a new commercial area that is not the Central, things MIGHT (yes, might)actually improve

    Timothy YeungTimothy Yeung4 hari yang lalu
  • I think the home prices will drop big in next few years as CCP completes its take over. The new laws and rule the CCP has wont allow most people to those place or that money from those homes

    AlejandraAlejandra4 hari yang lalu
  • I’m sorry Is that $1.9 million for the whole thing?

    Shammah EmmanuelShammah Emmanuel4 hari yang lalu
  • Why is housing in the UK so expensive? It's not just Asia.

    digitalXmagedigitalXmage4 hari yang lalu
  • makes moresense to live on a boat

    Ken SimKen Sim4 hari yang lalu
  • none of this caused by anything other than pure greed. its people running up property prices and keeping poor people poor.

    Lean 2200Lean 22004 hari yang lalu
  • wonder how much my 6 bedroom flat would cost in Hong Kong 😅😅😅😅😅😅😅

    yos yosyos yos4 hari yang lalu
  • my first investment with Expert Mr NOBLE gave me profit of over 64,000 Us dollars and ever since then he has never failed to deliver,I can even say he's the most sincere broker I've known

    A LimitesLdcA LimitesLdc5 hari yang lalu
  • Great video,also investing in Crypto now should be in every wise individuals list. Because in months time you'll be ecstatic with the decision you made.2021 online stock market is just difficult and unbelievable, I rather investe my money on crytpo

    Conor KennyConor Kenny5 hari yang lalu
    • Currently the rich stay by spending like the poor and investing while the poor stay poor by spending like the rich. We got to see people remain poor due to ignorance

      A LimitesLdcA LimitesLdc5 hari yang lalu
    • Bitcoin trade is great unlike the stock market and other financial market, Bitcoin has no centralized location since it operates ,24hrs in different parts of the world,Bitcoin trading might make you rich if you're huge found with deep pockets or an unusually skilled currency trader

      Kenan GraceKenan Grace5 hari yang lalu
  • 1/2 the population in HK live in government apartments. The wealth disparity is enormous, it's raw, and it's punishing. The rich pay little taxes, and real estate is a shell game 3 card monty. Theres no transparency in prices and developers, real estate brokers and the wealthy conspire to inflate prices.

    You TubeYou Tube5 hari yang lalu
  • Too many people, not enough flat land on which to develop. That's why housing is expensive.

    Professor MeowProfessor Meow5 hari yang lalu
  • I knew someone who moved to Canada and saved money to buy house in hk as an investment. Couple of years ago he went there to buy house sadly he couldn't afford there so he bought house in Canada as an investment

    பூண மணிபூண மணி5 hari yang lalu
  • I believe this is what is coming to America soon.. Shoe-boxes for rent.. especially in places like the Bay Area and NYC.

    Leanna ThomasLeanna Thomas5 hari yang lalu
  • A vestige of colonial rule.

    German LavidaGerman Lavida5 hari yang lalu
  • those people no brain? take over the parks camping in it .. .. government will do something about it.. when large amount people live in it police wont use for anything...

    Tom OceanTom Ocean5 hari yang lalu
  • I rather not live there man. Like comeon , that's even small than a bathroom

    DARTH ASHDARTH ASH5 hari yang lalu
  • This city lack colours.

    27_Mihir Goswami27_Mihir Goswami6 hari yang lalu
  • As being an hongkonger, it is just barely not affordable for an local to buy or even rent a flat. Living with family till 30 or above is still common. And some who are married do the same. Sad

    新地樂N。G。C。新地樂N。G。C。6 hari yang lalu
  • The colonial legacy is hard to remove in Hong Kong. Will the government change its housing policy? The vast majority of the ordinary people is waiting patiently.

    TS ChoongTS Choong6 hari yang lalu
  • The problem is housing being used for investment. That's the problem.

    Oliver SmithOliver Smith6 hari yang lalu
  • Life is literally RNG everyone’s life could’ve be worse or better crazy to think about and forget about.

    It’s AFKIt’s AFK6 hari yang lalu
  • This video merely brushes through the main question being asked which is WHY housing in HK is so expensive. It spend more time dwelling on HOW expensive HK is. Show some guts and delve deeper into the reasons why the greedy private land owners and government artificially curtail the supply of land for housing.

    Haily RizzoHaily Rizzo6 hari yang lalu
  • That $360 a month for the 30 sq ft 'coffin homes' rent is surreal. There's a house currently being rented across the street from where I live for around $400 a month, and for that money you'll get a 2100 sq ft property, 3 bedrooms, running water, full air conditioning, enough parking space for 2 cars AND a backyard. Fully furnished too. Heck, my rent back in college was $75 a month for a 250 sq ft single bedroom, a bathroom, full AC, and free wifi all year long. Suddenly I feel blessed.

    SAGHW TeamSAGHW Team6 hari yang lalu
  • If u wanna skip the video then the answer is supply < demand

    HiHi6 hari yang lalu
  • Unfortunately this attitude is spreading worldwide. Not sure what the end goal is here. These ultra-rich buy up entire buildings and suffocate everyone with the rents until no one can afford to live there. Why? I guess until I have the sort of money that can make a city unliveable to anyone but my friends I won't understand the mentality here

    Dércio BeneDércio Bene6 hari yang lalu
  • I was born and lived in HK for 8 years so I knew the situation, when I first came to Canada, I was like everybody had a mansion or something

    LifeOFHenryLifeOFHenry6 hari yang lalu
  • so why is it expensive

    Ashik JonathanAshik Jonathan6 hari yang lalu
  • is this the future of other countries?

    HendraHendra7 hari yang lalu
  • 0:52 "Hong Kong So Expensive"

    Stephen RazonStephen Razon7 hari yang lalu
  • Not sure if i should blame asian culture or capitalism

    Mark TMark T7 hari yang lalu
  • This is smaller than a jail cell lets be honest

    yu xiangyu xiang7 hari yang lalu

    Mike GuevarraMike Guevarra7 hari yang lalu
    • That brotha starvin

      GordoGordo3 hari yang lalu
  • 0:15 I thought this guy said "How wide shit" until I looked at the subtitles.

    Kelly ChanKelly Chan7 hari yang lalu
  • That 1.9mill apartment looks bettter than my 1.5mil auckland apartment god damn it.

    Brian 604Brian 6047 hari yang lalu
  • so president winnie the pooh did not confiscate HK already? and gave it to his CCP Pig friends?

    raven scottraven scott7 hari yang lalu
  • Nobody's talking about how *dangerous* this type of crowding is? Imagine a fire, building collapse, earthquake, flood, or terror attack. Thousand would die one one day. China needs to improve its human rights record so people feel safe to move back inland.

    Alan DeMossAlan DeMoss7 hari yang lalu
  • they live in these small boxes yet they have one of the highest life expectancies in the world

    A BlobbaA Blobba7 hari yang lalu
  • This is horrible

    NickkelNickkel7 hari yang lalu
  • everyone wants to own everything but . for how long is the question not many asks . LOL

    home hmhome hm7 hari yang lalu

    Lechinajames White liberalLechinajames White liberal7 hari yang lalu
  • Lived there for some time for work. Good thing I was in a nice place. I've seen first hand the small places and prices

    Lechinajames White liberalLechinajames White liberal7 hari yang lalu
  • $360 seems like a good deal

    Tien TrinhTien Trinh7 hari yang lalu
  • The governments across the world need to put a strict limit to the amount of sqr ft of space one can own at a time. And give major penalties for disobeying it. That's one way I see to solve this problem.

    Asif RazaAsif Raza7 hari yang lalu
  • 4:58 looks like its a GTA map.

    Vijay RamVijay Ram7 hari yang lalu
  • This is happening in Vancouver. Guess why.

    Anal Eyes Analyze Anal LiesAnal Eyes Analyze Anal Lies7 hari yang lalu
  • Imagine being so warped that you’d actually want to live in Hong Kong.

    Anal Eyes Analyze Anal LiesAnal Eyes Analyze Anal Lies7 hari yang lalu
  • A room in Chong Ching mansion is only 100 HK dollars per night.... do such rooms still exist.

    Eduardo ViajeroEduardo Viajero7 hari yang lalu
  • Scary to think what if HK has a fair election. What will it do to the housing crisis

    K KwanK Kwan7 hari yang lalu
  • china is going to end those coffin home bullshit

    D KD K7 hari yang lalu
  • why don't they just invest in a high speed rail and build homes somewhere else?

    KiLLJoYKiLLJoY7 hari yang lalu
  • Of course land is scared in HK but the heart of the problem is uncontrolled population influx of immigrants from PRC. HK does not have a say on how many and who can immigrate to HK from PRC, so the demand of housing has been outpacing the supply further and further. The PRC does not want to quench the influx of immigrants to HK because it wants to colonize HK with its people who are much more pro-China politically than native Hong Kong citizens.

    oldhongkong565oldhongkong5657 hari yang lalu
  • have to thanks their government for it.......

    ToonToonToonToon7 hari yang lalu
  • And I complained about my 25m2 home in the middle of Amsterdam centrum for 800 euro a month.. Shieet I'll stop complaining 😣

    ArjenArjen8 hari yang lalu
  • Yet we keep on procreating

    Sumit MazumdarSumit Mazumdar8 hari yang lalu
  • When I went to HK back in the late 90s, I saw a lot of condos going for $70,000 USD and I didn't try to buy them, till this day I stay regret.

    Jack C.Jack C.8 hari yang lalu
  • singapore need to reclaim at sea,while hk vastland ,y not develop it?

    Amazing GraceAmazing Grace8 hari yang lalu
  • it's just a housing bubble, sooner or later it's gonna burst, or at least deflate.

    rémYrémY8 hari yang lalu
  • Why don’t they just lift land development restrictions? Build more apartments and help drive down the price with government as the landlord can just release more land for new development projects!

    Fortunato WenceslaoFortunato Wenceslao8 hari yang lalu
    • it's not that simple, the poor are competing with the rich to buy apartments, with different purposes. guess who wins.

      rémYrémY8 hari yang lalu
  • Government should develop a housing area where low to middle-class people can afford to live. Everyone has a right to a decent house where they at least can take out a yoga mat and exercise around.

    Sunnydayegg 123Sunnydayegg 1238 hari yang lalu
  • The fact that the rent is twice the that of London just says it all.

    Abdullah MiahAbdullah Miah8 hari yang lalu
  • We have endless lands which were captured for free here in Australia. Can you please make a video about why “ housing in Australia is so expensive “ ?

    KevinKevin8 hari yang lalu
  • She paid 1.9 million for a studio apartment! Wow 😑

    ITS MS BRYAN 2 UITS MS BRYAN 2 U8 hari yang lalu
  • Maybe Hong Kong returning to China is not such a bad idea afterall. The CPC couldn't do much worst.

    Black ThornBlack Thorn8 hari yang lalu
  • Shit ill move back to China its at least affordable

    M.A. QM.A. Q8 hari yang lalu
  • its pity to see such Developed nation with vast land struggling to make a house

    kiran skkiran sk8 hari yang lalu
  • So in hong kong you can rent a small apartment for 600?? Show me in NYC where u can rent any apartment for 600??can't even rent a room for that much.

    dramatime101dramatime1018 hari yang lalu
    • per square foot. there aren't any one square foot apartments.

      rémYrémY8 hari yang lalu
  • This all comes from greed... nothing more.

    John PoindexterJohn Poindexter8 hari yang lalu
  • Is a shame. We do not have this problem in 🇲🇿 even a maid has peace of land to build a house. I feeling so bad for that adult man😥

    Ludovique ChilembaLudovique Chilemba8 hari yang lalu
  • No house, no wife, no family and kids the dudes life is a nightmare one day I want to be a parent and imagining myself in such a position scares me

    mikemike8 hari yang lalu
  • Here in Reno, NV I was house shopping and the wait list to buy a house is over 100 people long per house! The realtor also said on average price hike on a home is 5-10k a month! This is insane!

    AdmiralFroggyAdmiralFroggy8 hari yang lalu
  • Solution is easy, open up the zoning laws and make way for more land. However no politican will ever try to do that, as they have heavily invested into the real estate market themselves. All this is, is a articially created bubble that doesnt even represent the true value.

    EzrealOver9000EzrealOver90008 hari yang lalu
  • They need communism

    Frans KullberhFrans Kullberh8 hari yang lalu
  • What this story doesn’t tell you was in late 90s, the Hong Kong administrator at the time tried to develop the land so the city can build more housing for the increasing population. Guess what, the city representatives elected by people all voted against the development because they have good relationship with development moguls (control the supply) and existing home owners don’t want price decrease. Younger Hong Kongers really have nobody to blame except their own parents older hong Kongers.

    J WangJ Wang8 hari yang lalu