Now that Erik has finalized the terms of his localization, we will move into a new apartment. By new, I mean new to us and brand new. We opted for a nice place with good space and wonderful amenities, but will be farther away from downtown. There is a nice mountain view, and I am super excited to have a built-in oven.
Hong Kong's real estate was recently named the most expensive in the world followed by Sydney, London, and New York. The cost for buying has risen 50% in two years. As expected, competition is fierce. I feel very lucky to have secured this place.
Out of curiosity, we looked at the show flat in a new building for sale. In less than 24 hours, 2/3 of the apartments were sold at a cost of about US$1,000,000 each. People keep saying the bubble will burst, but I don't see any sign of it.
I'll be sure to post pictures once the place is decorated.