Table of Contents
- 1 What is the average rent in Hong Kong?
- 2 How does rent work in Hong Kong?
- 3 How much of your salary should you spend on rent in Hong Kong?
- 4 How much should I earn in Hong Kong?
- 5 Is it hard to get a job in Hong Kong?
- 6 What is a good expat salary in Hong Kong?
- 7 What should I look for when renting an apartment in Hong Kong?
- 8 Are short-term rentals a good option for expats in Hong Kong?
- 9 What are the different types of housing in Hong Kong?
What is the average rent in Hong Kong?
In 2021, the average monthly rent for public and private permanent housing in Hong Kong’s New Territories was 66 Hong Kong dollars per square meters.
How does rent work in Hong Kong?
A rental lease in Hong Kong typically runs for two years. Finally, before you can move in you must typically pay one month’s advance rent, plus a security deposit equivalent to two months’ rent, which will be returned upon the end of your occupancy.
How much of your salary should you spend on rent in Hong Kong?
around 33\%
According to experts, you should only spend around 33\% of your salary/income on rent.
How much is a one bedroom apartment in Hong Kong?
The average rent for a one-bedroom apartment in Hong Kong can range from 12,000 to 20,000 HKD (1,500 to 2,500 USD) or more per month. On the upside, most apartments easily meet the highest standards of living.
Is it easy to get job in Hong Kong?
It is relatively hard to get a job in Hong Kong. The employers are picky when choosing foreign workers and fill visa application. The workers need to meet strict qualifications to land a job, and the employer needs to prove that they cannot pick a local resident for the job instead.
How much should I earn in Hong Kong?
The average salary in Hong Kong is much higher. It is also a good figure to base you research on, if you are coming to HK as an expat. The current average salary per month is 19100 HKD (2430 USD) for male workers and 14700 HKD (1875 USD) for female workers.
Is it hard to get a job in Hong Kong?
What is a good expat salary in Hong Kong?
According to HSBC’s 2016 Expat Explorer survey, expats in Hong Kong earn nearly USD 170,000 a year – this is well above the global average of USD 97,000. Skilled expats looking to relocate to the eastern economic powerhouse that is Hong Kong can expect high wages and a great quality of life.
Where do most expats live in Hong Kong?
Whilst some intrepid souls love living in ‘the dark side’ of Kowloon, there are three key areas that expatriates tend to gravitate towards: the south side of the island including Stanley and Pokfulam; the Peak; and over to the New Territories, Sai Kung and Clear Water Bay.
What are the fees for an rental in Hong Kong?
Rentals are in Hong Kong dollars payable monthly in advance and, except for serviced apartments, are usually exclusive of monthly management fees and Government rates, for which an additional 12\% to 15\% of the rent should be budgeted.
What should I look for when renting an apartment in Hong Kong?
Always insist on looking at the apartment or house before you sign anything or pay a deposit. Do not rely on pictures only because they can be misleading. Although it may be nice to have a place to live right when you arrive in Hong Kong, it is always safer to meet with the landlord and to visit the apartment in person.
Are short-term rentals a good option for expats in Hong Kong?
While short-term rentals are not the typical choice for expats, it might be a necessity in Hong Kong, the city where apartment ads are notorious for being misleading. Also, when looking for your future home, take note that the sizes of properties are in square feet.
What are the different types of housing in Hong Kong?
Housing in Hong Kong ranges from cramped accommodation to high-end apartments and places with luxury amenities and doormen. While there are different types of housing available, actual houses are rare, and most people end up in one of the many apartment blocks. There are also quite a few city areas to choose from that offer different sort of perks.