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Hong Kong’s Peak Neighborhood Is The Most Unaffordable Place To Live
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- Опубліковано 13 сер 2024
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When we were looking for statistics regarding where in the world is the most unaffordable place to live, we came across a study done by the kind folks at Visualcapitalist.com. These guys have ranked the most unaffordable cities in the world. San Diego ranks 7.3, London an 8.2, Sydney-- 11.0, and in second place there’s Vancouver at 11.9. But that’s nothing compared to the top spot-- at 20.8, Hong Kong ranks #1 as the most unaffordable city on the planet. And as you can expect, when you are looking at the most expensive city in the world, it's likely going to contain the most unaffordable neighborhood as well. This is where you will find “The Peak”, and this neighborhood is hands down the most unaffordable place to live. The mansions are exuberant, the apartments lavish, and don't even get us started on all the billionaires that live here (spoiler alert, there’s a lot, and more and more keep moving in with each passing year). Today we take a look at The Peak, and why it’s so pricey, what there is to do in the area, why more and more millionaires and billionaires are moving in, and they astounding amount of security measures that the neighborhood has taken to keep this area as exclusive, and safe, as possible. Let’s take a look inside, and if you are in the market for a home, and like what you see, well, just be warned-- you’d better have saved up a few million… or even HUNDREDS of millions, of dollars.
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CHAPTERS:
00:00 Intro
00:46 Why is this the most expensive place?
02:23 Who lives here?
03:37 What are the homes like?
05:17 What can you do at The Peak?
06:15 Security is tight
07:26 Final Fact!
Lol for Vancouver they showed Toronto
How does anyone fuck that up. Bunch of dumbasses editing this video
Fucking knobs
Was thinking the same thing. Lmfao
Lol. No surprises the person to point that out would have a name like Chaudhry
@@tyrellcobb4665 WTF do u mean
*Every family has a person who breaks the chain of poverty. I hope you will be that person!*
In Jesus name Amen. "I can do ALL THINGS through him that gives me STRENGTH".
@@thembinkosikissama8764 wtf? u ok?
@@eTheBlack lol
Amen
I hope so lol
Vancouver: *shows a picture of Toronto*
Yah a really old picture of Toronto.
😂😂😂
I was reading this comment as the vid got to that part of the vid & I was like “huh” but i get it now .. haha
ha
Also shows a picture of San Francisco for San Diego
Says, San Diego: *Shows San Francisco*
Says, Vancouver: *Shows Toronto*
talks about hong kong shows serbian press confference
4:02 For the record, a "luxury home" in Hong Kong does not start at US$4.9M. That amount of money will either allow you to purchase a medium size, relatively vintage apartment on HK Island or a newer, much smaller sized apartment also on Hong Kong Island. "Luxury" starts at many more millions.
Aversge hk apartment is 1.3mln usd, so yeah 5mln can get you into a super premium, luxury estate in Hong Kong.
@@ruslankolotogin Defo cannot in any good area. At that low of a price it’s either bad area and relatively big apartment or small apartment in good area
@@Whatever-zj5fx lol I wonder how a bad area look that cost $4.9 million
@@kingmichaeln1 I mean if you want a 150-200sq metre apartment it would be that price in a bad area
@@Whatever-zj5fx that's he official stats that hk average flat costs 1.3mln. You can get a nice apartment in new territories ingood neighborhood for that money. Yes hk island mostly gonna be old or small. But as I said that's an average cost of an apartment in hk
“San Diego” *shows picture of San Francisco 😂
Meh well at least in a San city
Luxury, prestige, privacy, but the most important factor that makes the Peak is ridiculously expensive, the FENG SHUI. The Peak is believed to be one of the best Feng Shui spots in the world.
when they start by showing Toronto instead of Vancouver, you just know their research ain't thorough
They didn't even make it 6 seconds in before showing San Diego and showing San Francisco. Even though I think they meant to say San Francisco instead of San Diego, since SD is not expensive.
I live in Hong Kong 🥲 came back from London and I feel this. Absolutely fantastic place to live, so long as you have the money
It looks gorgeous there
@@ee214verilogtutorial2 certainly is, especially at night where you can see all the pretty lights on buildings in Victoria harbour :)
@@ee214verilogtutorial2 not really, the buildings are suffocating.
I've been living in NYC for past 8 years, and I am shocked that there are even more unaffordable cities out there. I gave up on buying a house or an apartment in NYC. I instead bought house in a decent neighborhood in NJ and rented out the place to reduce the burden of monthly rent for myself. Can't imagine what it would be like in Hong Kong.
An avg person in HK needs to save 21 years to afford a home. Well there are many other expensive cities outside of USA.
@@Zergcerebrates I expect that to change dramatically over the next several years now that Hong Kong's own system is no longer protected.
@@stevekain4707 Nope. That’s not happening unless the government finally builds more affordable housing developments. The system hasn’t changed despite what western propaganda tells you. Barely anyone has left the city, meaning the demand for housing hasn’t decreased at all.
@@stevekain4707 Not gonna happen because there's way too much demand.
@@stevekain4707 Unlike the US, Asian large cities don't have to compete with smaller cities and suburbs. NYC might be going down, become poor with all the WFH culture - but doubt it will impact HK.
""Whoever is reading this, God bless you and your family""..
Same to you
Same to you
Same to you
Amen
Same to u also thx
When naming Vancouver, you show a picture of Toronto? One second of research from Google is all it takes 😂
As someone born in Toronto I want to just tell you the CN Tower is NOT located in Vancouver. Thank you.
😂
@@lis5708 Tên thương gia Bắc Kỳ vừa ngồi vào bàn ăn thì một em khuyết tật ban vé số lại vãng đến hỏi có mua số hen không hắn hỏi lại có dói bụng không tiền ăn sẽ mua hết số hen cho cháu dữ lấy để lấy thưởng trong lúc ăn họ tâm sự với nhau người mua mong được no không trông đợi sự làm giàu từ người Không khả năng Dân đông tốn kém nhiều người khuyết tật làm tự thiện như cháu chỉ có dân tàu là sướng vì họ nỗ lực kiểm tiền trách nhiệm của chính quyền csvn là nuôi tội phạm trong tu còn ngân sách gì để nghỉ đến nhân dân như tụi em cũng muốn trở thành tội phạm cho yên bề💰 vn than thở gì thế giới chửi cho gái đẹp bảo vệ đai gia cũng như tu tuong song kiếm của tỷ Phú xay nha cho lính phát triển theo hai cách phan nong dân hay giúp nông dan phát triển với bọn thương mai theo ông thi phát triển gi trước đánh lừa xuất xứ sản phẩm cũng như bọn điều tra gian điệp nền giáo dục của pháp của Mỹ bị phản ứng tại vn thay vào đó là nền giáo dục Trung Quốc sự lựa bịp nhân dân học sinh ở mọi từng lớp giữa các chế độ chính trị để phình lừa quân đội nhân dân cả một nền kinh tế giáo dục tôn giáo cũng như chính trị ngoại lại tu tưởng liệu sách vở tiểu thuyết phim ảnh nguồn gốc xuất xứ không ai biết rõ kẻ thù nào dân tộc nào liệu Mỹ sẽ đi về đâu bởi những giá trị của mỗi dân tộc đem vào Hoa Kỳ trong khi vn tương lai đi về đâu một nền kinh tế ngoại lại lọc lừa hậu quả của chiến tranh đem lại người tàu bảo họ lừa cả người tàn tật làm việc cho họ để có miếng ăn và tình thương yêu của thế giới dành cho họ cũng như công lý tài sản gia đình bị buôn bán chiếm đoạt và ngay cả cơ hội học hỏi đến từ các quốc gia nhân ái họ ví dụ như sau khách du lịch đến thăm mục đích là người ngheo nạn nhân của sự bất công không phải bọn giàu học thức cao nào đó kiếm tiền gạt bỏ họ để sang tàu hợp tác bên ấy ví dụ Hoa Kỳ đến vn vì hài cốt Mỹ lai không phải bọn môi giới sang tàu hay vơ vét trở lại túi của họ tại Huế Kỳ để tạo cơ hội làm ăn với tàu thật mau giàu có sự hợp tác Trung Mỹ kinh tế tàu không vì nạn nhân chiến tranh thế nào là bọn thương mại phát triển thao túng chính quyền như thế đó là vấn đề bịp vương bịp tin lừa đảo mọi sự bất công giới cao niên trí tuệ vnch của Mỹ lợi hại như thế nào có lừa bịp quân dân tổ quốc của họ không có ham hại người ty nạn để làm ăn trung gian làm han gian tàu Nhật bản và bọn giàu yêu tài nghệ của họ thu do sai gon vnch Huế Kỳ bảo thế giới yêu Trung Quốc hơn vn quả đúng như vậy có lẽ họ nô lệ trí tuệ tàu để được lợi cũng như hướng đến tương lai với vn được mỏ đường do họ dép yên những điều thua lỗ bất công với túi tiền của họ nói xấu tàu không khác gì che dấu trí tuệ của họ về công kỹ nghệ họ kiếm được từ thế giới vn chẳng biết so sánh cùng ai tử vi xem tướng của người việt nam làm cho thế giới tôn trọng tàu nhiều hơn có lẽ bọn Nhật bản hiểu được những hạng người nào sống phản bội cho người tiều Con xúc vật nào lại không bị thịt ở nước ta các bác sĩ tâm lý thần học tử vì tướng số giỏi nhất thế giới của việt nam biết ơn đội nón cho xúc vật để chống dịch sau chiến tranh chúng tiếp xúc quá nhiều người và làm việc từ thiện bên ngoài tại sao chính quyền csvn tận dụng họ tìm ra quân đội nhân dân mất tích để đền ơn gia đình họ tuổi con Hợi không sống lâu hơn tuổi con chó con trâu và những con vật khác đều có số phận được ăn nhiều hay it cho nào cũng có người Hoa làm công lý đại diện cho nạn nhân Nhật Bản của chiến tranh đòi Mỹ bồi thường và họ thường bất bình cho người việt nam nữa để nắm dữ mọi thông tin những câu chuyện tốn kém rất nhiều tiền của đồ ăn thức uống thực phẩm lương thực san phẩm trị tuệ nữa lịch sử vn cho thấy cai trị người tàu không phải dẽ liệu csvn có vướng vào những cạn bẩy của như vnch từng việc qua có lẽ Mỹ còn chưa hiểu nhiều vấn đề khác nữa như tư tưởng mê tín dị đoan không thể lung lay được họ lật đổ nhau cho thế lực này vì họ thấy được tương lại hơn chính quyền vn vốn biết được nhau cái phần này mi đã dậy chưa sao thiếu kinh nghiệm thế người khuyết tật có số làm ăn bên ngoài xã hội được ủng hộ có lẽ người tàu áp dụng uốn cây tạo giáng người họ còn khen con chim trong lồng hót hay người chủ bảo nó bi khuyết tật gẫy cánh những có thể làm người thương hát theo nó
@@minhnguyen5861 there was no need to type all of that🙄
i guess i’ll cross hong kong off my list..wait..it was never there in the first place😂
You too??😭🤣
How they go from starving they own ppl too being the richest place..
Because Hong Kong ‘HAD’ democracy. Just you wait though..
When was this?
Hong Kong was taken by the British after the Opium War. You know, that war the British waged on China because the Chinese government dared to ban opium and destroyed opium it confiscated from British traders. In case you don't know, opium that drug on which heroin is based on.
Under the British colonial rule, this Victoria Peak was a forbidden place for Chinese. It's strictly for the British only.
@@bobloblaw3700 Lol. The reason why Hong Kong became rich was because it is and was a gateway to China. Hong Kong became rich because of trade with Mainland China. Hong Kong has no natural resources. No oil or gas. No valuable mineral. No nothing. Hong Kong doesn't even have enough water or electrical power capacity to supply to its own people. They have to get them from the Mainland.
Hong Kong under the British had no democracy. It was a colony.
@@johnyossarian9059 For clarification, you left out the word "was" in your final statement. The Peak WAS strictly for British-only when it was a colony but is now open to anyone who can afford living there. It's overwhelming Chinese owned homes, along with some expat renters.
as a Hong Konger, should I be proud that we have some 1st in the world? properly not
some said fact, the price for rent per sq feet in the peak is actually cheaper than the Subdivided room ( Subdivided room is not the same as HMO, its much most than HMO)
So someone can rent a house at the peak,subdivide it and then rent it out, it would be more economical
Everyone knows about San Diego and New York's high affordability, but no one talks about Hawaiis Cost of living.
so true, at least in NYC and SF there are bunch of high paying jobs, but in Hawaii there is only high real estate prices, and jobs are hard to come by.
It's meant for billionaire's one of hundreds houses around the world
Feels like the type of house that is the last one in a video game 😂👍
millionaires are not considered rich in hk they r still struggling to compete with the billions of mainlanders whose buying those houses and apartments from the Peak,Stanley,Taihang
San Diego shows San Francisco, Vancouver shows Toronto...you sure you know where Hong Kong is?
4:56 “When a buyer spend $180 million on an apartment completes with elevators and a swimming pool.”
Dude will be surprised when he realised almost all apartments have those
Almost all apartments have swimming pools and elevators? Where do you live? Maybe in Hong Kong. Not in NYC
where do you live lol
if its communal then yes most condo have those .. but if private then only luxury ones have.
Its actually 180 Million HKD not USD so its expensive but not a quarter Billion dollars.
@@Exascale if it’s in Hong Kong dollars then it’s only $23 million USD which doesn’t seem like a lot for Hong Kong. So I doubt it’s in Hong Kong dollars.
*The Hills Hong Kong exists*
*The Hills Los Angeles* : Step of my turf!
Prices notwithstanding the homes on the peak are beautiful with spectacular views. The best of the best.
2 of my best friends actually live here and I have never been more jealous in my life
Wow! They talk about inequality as if it’s something nice! Imagine finding unaffordable housing a topic to be proud of…
who said we’re proud of it? we keep trying to shorten the gap between rich and poor, but you know how capitalism is.
That’s crazy how Vietnam and China are basically neighbors but their price of living is so different
Well the real estate market in China varies greatly by city. HK, Shenzhen, Beijing Shanghai, Guangzhou cost the most in the country. Then the slightly more affordable ones(still unaffordable compared with USA) are Hangzhou, Suzhou, Xian, Chengdu, Chongqing, Tianjin.
That's the case with almost all the neighbours of China except Japan and S. Korea.
Calling Vietnam a neighbor of Hong Kong is akin to calling Mexico a neighbor of New York City.
@@hkrumble what? You do realize Hong Kong and New York are cities right? China and the United States are the countries? They are neighbors the United States and mexico share a border, just like China and Vietnam.
lol，fact time, Hong Kong neighbor city ShenZhen, which is locate in mainland China , is the world most expensive real estate ranking Number 5 . Shanghai Number 4.. by the wat
JANSSEN MANSIONS AND STUDIO COMPLEX
The last time I went to the Peak was in 2019. But at 1:56 it's not the Peak, but the southern coastal area of HK Island.
Just fyi the US govt owns a big chunk of land on barker rd. It’s where the consulate lives and several american expat and it’s rumored that it might go for sale.
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My family owns one of these properties and honestly the views are sometimes unreal and super luxurious but living in that city isn’t comforting is busy and loud outside of that neighbourhood. Our house is now for sale.
Weird flex but okay
Whats the price.?
You are very rich. My families house that we can barely afford costs $800,000 NZD. Which is like $550,000 USD.
Sure
You should show the night view of the harbor from the peak. I've been there, most beautiful night view in the world.
as someone who has bought a apartment in hong kong it is still very luxurious, it just depends on how you design it and where it is.
Couldn’t take this video seriously after seeing toronto as Vancouver... apparently you guys got san Diego instead of san fran too? Y’all gotta fire whoever made these simple mistakes...
Plot Twist: Mr Goodman lives there
Hongkong with green hill..wow..thats amazing
Great piece of story, but after noticing all these Stock video editing ERRORS, I am only relying on the audio. Too many content creators these days use lame stock images and visuals which ultimately adulterate the objective information in their contents.
Most expensive city in the world -> so WAT? Well-deservingly so, right? 💫🍀⚖️
“According to property firm CBRE’s Global Living 2020 report, the average price of a home in Hong Kong is more than HK$10 million (US$1.3m/£930k).”
And medium salary of HK in 2018 is $16800 hkd
A month?
@@rachelcookie321 a year my dawg
@@mussyug1846 that’s $2,150 USD. I don’t think that is for a year. Even for a month that’s not a lot.
@@rachelcookie321 16800 hkd, a month, yes.
@@rachelcookie321 It looks low but you can find lots of cheap eats there and tax is low. There's also no capital gain tax!
Fantastic video - keeps inspiring me to create my own content. Cheers!
Went up there many times...and my God...those big houses and apartments!!
God bless very good and Excellent Match. Hongkong is very nice country.
Nice place for only the suoer rich
Nice place if you can afford it, the majority who live there can’t.
Great and we need and wish videos in Real Best 4K 60fps HDR10+ resolution clarity quality and Sound in full HD 3D Stereo Surround , Soon Please.
4:23 Wow, that's actually my University THEi😆 Not an apartment complex.
Sydney: hold my beer
Very nice.
2:56 Dude portrait look like one of those villains in Asian movies.
That city was not Vancouver but Toronto...
Vancouver, also known as Toronto!
Toronto's CN Tower suddenly "moved" over to Vancouver?
To be honest, those were some of the ugliest mansions i ever seen in my life
Content is good 👌👌👌👌👌
@0:37 I was like that must be the maintenance guy. Not really😁
I used to live Mt kellet Rd LA Hacienda 503.. beautiful up there ❤️
a very thorough perspective ..............................from an outsider.
5:29 yooo he is everywhere
Half of the pictures of the “peak” in this video aren’t even pictures or videos of the peak.
Hey everyone! :D I hope you stay safe and have a nice day, God bless you!
Those flashes of numbers or whatever they are are every so often very annoying. Trying to give someone a fit.
So apparently according to the footage here
Vancouver =Toronto
San diego= San Francisco?
Am I correct!? :/
I used to live on the peak (my parents rented a house on an annual rate). The views are beautiful there but just thinking about the huge homeless population of Hong Kong is just more than I can bear. I once went to work with a humanitarian group and it broke my heart to see people living under bridges, unsure of their future. Something needs to be fixed about the terrible management of property and land in Hong Kong.
Wow, your family is very rich.
so good that he says that no turist will trespass to the mansions in the walking path, now i can buy mine with safe 🙌🏼🙌🏼
What -- that's not even beachfront. Pretentious units! I own a true Luxury home -- beachfront on powdery sand, exclusive cove, 270 degree view. Under five-minute lazy walk from bedroom to the Pacific Ocean. And yes, sunsets right there in the middle. My pool is 80+ meters.
Am I the only one who thinks... Gosh, all these "Mansions" look terrible?!
well the rich in china have zero tastes
@@lsd310 agree
my parents used to have friends that lived there and apperently its in the clouds most of the time so they can't see a lot and the walls are constantly damp
Your parents have very rich friends. I’d be surprised if you’re not rich too.
Wow that's crazy about the views with the clouds and the walls being damp most of the time .
@@gardensofthegodsIt's probably pollution smog from mainland.
Your parents better be rich bcz they know rich friends and it will be easier
CY Leung is not "SAI" Leung. C Y are his initials.
I live in the peak and the section about security is untrue
the tram that goes up to the peak is painfully slow..however, once you reach the top it's absolutely gorgeous!
That's uhh... That's Toronto, not Vancouver.
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It seems more like they want to break records rather than getting their money's worth
As a Hongkonger I can assure the prices are on peak not only in peak but whole hongkong 😭
And it’s nothing to do with shortage of land. The whole thing is absurd.
Why do the houses look cheap?
Me sitting in Kolkata sipping a 5rs cup of tea and watching this
So me but I am in south africa, its winter currently so I'm wearing pyjamas worth 250 rand (18, 21 dollors) making about 24k rands a month (1.7k us dollars a month in the us) just vibing with you, but from South Africa tho. 😂😂
You can’t even buy a 500 square foot apartment in Hong Kong with a million dollars, so yeah, most people who even has a property are millionaires
These houses are an earthquake nightmare
I guess .. if your just into views, and not into the lovely experience that gardening therapy provides .. I'm happy in my own eclectic abode! 🌱🌿☘
It is awesome to go to Hong Kong for vacation
It’s also an expensive vacation
1:23 He showed a Tuzla, Bosnia and Herzegovina 😂 One of the poorest countries 🤣🤣
Since when did Vancouver had a CN Tower? Clearly someone didn't do their research well.
lmaoo rightt i was like um toronto isn’t that unaffordable and then-
Nice ❤
I won’t say a millionaire is rich in Hong Kong
This video teaches us to not blindly trust UA-cam. This channel needs to do better in-depth research. Besides the Vancouver glitch, CY Leung is not called ‘sigh’ Leung, but literally C Y. Any search of local news report will tell you that. Cheers.
Pretty sure monaco is second most expensive or the most expensive 🤔 so don’t really understand this
They said the research only looked at 309 cities which is like 1% of cities in the world. China alone has over 600 cities. They could of easily skewed the results by not picking any cities more expensive than Hong Kong then just saying Hong Kong is most expensive.
Prisons in that city are now very accessible.
This cauculation isn't corretd. My city is like 24.0 plus.
Millionaire cant afford the Peak.
My city score 16.66 in oran Algeria but I think you wouldn't find information about that because my country is close to leaking information
How much for Hong Kong? I wanna buy it
new york didn't make the list but LA did? this must be a joke
This affordability calculation is off, most Chinese people bought properties long time ago or simply inherited from parents. They didnt buy at current price, if they change house they sell old ones to get alot money so its not expensive as the index suggests
I’ve seen lots of apartments in Hong Kong that are only 2 bedroom. You can’t live in that apartment with 3 generations. If parents have two kids than one kid will have to go out and find a new apartment to start a family in. The population is increasing in Hong Kong so there will always be people looking to buy a house without one to sell.
as i looked back to when ryu and ken had a penthouse there.....
No,1 Hong Kong, no.2 little Hong Kong Vancouver
Been there 2018 I want to go shopping. The Peak is very relaxing when ur there its so peacefulno wonder its so expensive
HK real estate are the most greediest businessman in the world by stocking up land and selling by little to keep the price unaffordable ， capitalism at its finest
As they stated last peace owned by government was sold at the peak not that lately, so now you cant build anymore there anything new, unless if you sell the house, tear it down and build new, no more available empty land at the peak , so that's the reason of a big demand and high price
All the best Chinese elites stay there are their dogs. Of course if u lick ur boss ass ur gonna get a piece of the pie. High ranking business man and high end developers while even basic salary man and hawkers can't afford peanuts.
How do we know if this was the next step for us and city leaders would make better decisions about those things like.
The peak was so cool whenever my family lived there!
Man, you are rich. I’m very jealous.
I prefer to live in Causeway Bay in the core of the city where by walking you reach what you want and feeling YOU'RE in hong kong. If i need the car to even go at supermarket, clubs, cinema, restaurants and so on then i stayed in italy or australia for countryside lifestyle