Housing
Housing in Hong Kong is extremely expensive, whether buying or renting. The hilly topography makes it difficult to build on Hong Kong Island and since there are no open spaces for houses...
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Renting in Hong Kong
Rent is calculated on the square footage of the floor area, inclusive of the car park, foyer elevator area and stairwell, so check how much of this is actually your apartment. Quoted...
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Real Estate Agents
Agents advertise online, in newspapers and magazines. You pay them half a month’s rent as commission and they get the same from the landlord. They are all licensed and must display their...
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The Lease
A rental lease is usually for two years, with a break clause after one year with two or three months’ notice. Common terms in a lease may include tenant’s responsibility for repairs, a...
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Main Accommodation Options
Houses
Large and exclusive colonial mansions with sprawling gardens and long driveways are located on Hong Kong Island, and sometimes in Kowloon. Newer buildings are popping up in the...
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Other Rental Costs
A month’s rent is often required as a holding deposit while the lease is being signed. This is later used as the first month’s rent or is refundable, but make sure you get this in...
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Buying Property
Real Estate is a lucrative business in Hong Kong and almost all local companies have some involvement in it. Property companies make up more then 10% of the Hang Seng Index. The Hong Kong...
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Property Developers
Like the game Monopoly, just about everything in Hong Kong is owned by a bunch of large property companies, from hotels, airlines, utilities, telecommunications, retailing and food...
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Mortgages
All banks are geared to offer mortgages and protection against rising interest rates. There are many plans to choose from so the best way to do this is talk to several banks and compare...
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