On the edge of Sheung Wan’s central financial district sits spacious.hk, a tech start up that has cornered a very interesting market within the property industry. The young entrepreneurs at spacious.hk have been keeping track of the tragic events that happen inside the city’s notoriously expensive apartments and capitalising on the interest from ‘ghost-hunting’ enthusiasts.
When someone dies in one of the city’s properties, the real-estate value can often decrease significantly as Chinese people don’t want to live in them anymore, out of a deep cultural fear of ghosts, however, with a large number of expatriates and Hong Kong’s new generation not sharing these ideologies, spacious.hk founder Asif Ghafoor is able to make business boom. Ghafoor explains, “It’s all a part of feng shui, there are no hard and fast rules, it’s about how you interpret the magic.”
Through this fear of ghosts and strong beliefs in feng shui, many middle-aged and older Chinese renters will avoid certain areas, which has lead to shaping some of Hong Kong’s ‘trendiest’ places to live. Po Hing Fong was ground zero for the bubonic plague in Hong Kong and one of the city’s first slums after British colonization and many believe the area has bad feng shui, however, due to a large influx of expatriate residents there, the streets are dotted with craft beer bars and expensive vintage stores.
With the continuous desire for living in haunted homes increasing, spacious.hk plan to expand its service to Shanghai and Taipei.