Archive · 31 Oct 2025
Hong Kong's Haunted Homes: Affordability Trumps Fear for Some Renters
Imagine you're looking for a new home in a super expensive city where rent is really high.
In Hong Kong, some houses cost so much that people are starting to rent apartments where something sad or scary happened in the past.
These are called 'haunted houses,' but the big reason people choose them is because they are much cheaper to rent, sometimes with discounts of over 30%!
It's like getting a deal because fewer people want to live there due to the history.
Some people believe spirits might stay in these homes, and their culture teaches them to avoid bad luck.
However, for others, saving money is more important than being scared.
Special agents even list these homes, and some smart people buy them cheaply to rent out.
But banks sometimes don't like lending money for these houses, and very shocking events can make them even harder to sell.
Skyrocketing property prices in Hong Kong are leading some people to rent 'haunted houses' for significant discounts.
These 'haunted houses' are properties where unnatural or premature deaths have occurred, with discounts potentially reaching up to 34%.
Cultural beliefs rooted in Buddhism and Taoism, fearing bad fortune from tragic deaths, deter many potential renters.
Estate agents list these properties, and some investors capitalize on the lower purchase prices to rent them out.
Banks may be hesitant to offer mortgages for 'haunted' properties, and the stigma can lead to reduced property values.
- Who
- Budget-conscious renters and investors in Hong Kong.
- What
- Renting and investing in properties where unnatural or premature deaths have occurred, often referred to as 'haunted houses', due to significant rental discounts.
- When
- Currently, reflecting a trend driven by skyrocketing property prices.
- Where
- Hong Kong.
- Why
- Skyrocketing property prices and high rents are pushing people to seek more affordable housing options, with discounts of up to 34% making 'haunted' homes a viable choice for some.
Renters Prioritizing Affordability
Renters Hesitant Due to Cultural Beliefs
Decision Making
Renters Prioritizing Affordability
Opt for 'haunted' properties due to significant rental discounts (up to 34%) driven by high market prices, seeing it as a practical solution.
Renters Hesitant Due to Cultural Beliefs
Avoid 'haunted' homes due to cultural beliefs (Buddhism, Taoism) that associate tragic deaths with lingering spirits and bad fortune.
Investment Perspective
Renters Prioritizing Affordability
Investors like Ng Goon-lau see lucrative opportunities by buying these stigmatized properties at reduced prices and leasing them out.
Renters Hesitant Due to Cultural Beliefs
Investors like Eric Pau face challenges as banks are often reluctant to grant mortgages for 'haunted' properties, making financing difficult and risky.
- Rental Discount
- Up to 34% discount for homes with unnatural deaths or murders.
- Property Value Drop
- Average 20% value drop for haunted properties.
- Investor Strategy
- Buy haunted properties at reduced prices and rent them out.
- Financing Challenges
- Banks often deny mortgages for haunted properties.
- Disclosure
- No legal requirement to disclose history, but agents may inform if asked.