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Hong Kong Apartment Market

Hong Kong expats search out haunted buildings to score cheap apartments Many Chinese believe death creates bad feng shui

The ghost of homeowners past flying over th上海贵族宝贝交流区

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e Hong Kong skyline

In famously pricey Hong Kong, apartments can be even more expensive than in Manhattan. But there is one easy albeit eerie way to score a bargain: move into an 上海千花网论坛

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apartment where someone died.

Many Chinese residents of Hong Kong believe that a death in an apartment creates bad Feng Shui, and are typically reluctant to rent or buy it afterwards. Those who don’t believe in feng shui, including most expats, can bene新上海贵族宝贝论坛

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fit from that drop in demand and land a unit on the (relatively) cheap.

Spacious.hk, a listing site, tracks deaths in news and police reports and identifies the units in which they occurred. It then allows its users to filter their apartment search by tragedy, under a category called “haunted.” The company told Vice s Motherboard that the feature is used more than 5,000 times a month.

The death discount can be steep. For example, after two prostitutes were murdered in a one-bedroom apartment at the J Residences building, its asking rent got slashed by around half, from $3,740.

“It’s al爱上海龙凤419桑拿

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l a part of feng shui—there are no hard and fast rules, it’s about爱上海

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how you interpret the magic,” Spacious’ founder Asif Ghafoor told Motherboard.

Bloomberg reported in July that Hong Kong s real estate market is at its weakest point in 25 years. [Vice] Konrad Putzier

Tags: chinese buyers, feng shui, hong kong
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