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Rent or Own? Spacious' New Tools Give You The Answer
Hong Kong Property | April 28, 2017
Spacious’ Tipping Point Analysis Featured by CNBC and SCMP
Spacious‘ mission is to give property searchers the best tools and data to save them time and money during their property search. Many searchers have been asking if they should Own or Rent their next place to live. To help answer this question, Spacious has launched the Tipping Point analysis and map overlay. Given the upfront costs associated with purchasing property, renting property is typically cheaper in the short term vs. owning. Spacious’ Tipping Point metric measures the time in years that it would take for the total costs for renting a home to exceed the total cost of buying an average home in a particular neighborhood. Once again, Spacious’ market leading data and technology have been embraced by users and praised by the international media, with the Tipping Point analysis being featured this week on CNBC and in the SCMP.
Cost of Buying Calculator
Spacious has launched a new, interactive calculator to help users determine the upfront and long term total costs of buying a property. The new calculator sets the bar for user experience and functionality in Asia. The calculator estimates upfront payments including stamp duty, down payment and broker’s commission. Monthly and lifetime costs are summarized with visualization and full details for the life of the mortgage are expandable. Users can easily customize all assumptions on desktop and mobile web versions. The calculator is also available on all For Sale listings so users can access this information quickly for a specific listing.
More Tools for Buyers and Renters Exclusively on Spacious
- Find Undervalued and High Yielding apartments for Sale and for Rent by subscribing to Spacious’ Undervalue Alerts. Spacious’ valuation algorithm identifies new undervalued listings and sends the listings directly to you, so you’re the first to know about new undervalued listings. Join Undervalue Alerts now here.
- Transaction data including transaction counts and prices with graphic visualization is now available at district, neighborhood, and building levels on Spacious Transactions.
- Hong Kong’s first-hand residential markets has been red hot, despite cooling efforts by the HK Government. You can learn more about and send enquiries to new developments from Spacious’ New Developments page.
