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How Far Will Your Money Go?
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How Far will Your Money Go in Hong Kong

Land is at a premium in Hong Kong meaning that residential housing is very expensive.  If your company is not covering your rental, property prices will no doubt come as something of a shock at first. If you don't want to spend huge sums of money on rental, it is worth your while spending some time investigating the older buildings in Hong Kong.
When you first arrive, your initial instinct will, no doubt, be to gravitate toward the newer, glitzy residential complexes which offer swimming pools, shopping and health and fitness facilities. These, however, are very expensive and you are likely to be able to find accomodation of equivalent size for a far lower price if you are prepared to sacrifice the facilities and compromise on area.
Sit down with your family early on, and decide what is important to you and what you are willing to compromise if the need arises. For some, location is the deciding factor and will sacrifice space and facilities in order to be in their neighbourhood of choosing. Others, however, are more willing to relinquish their desired area in order to be able to have access to a pool or gym. Once you have made this decision you can narrow your search significantly, thereby making the entire process far less arduous.


Living in an Older versus a Newer Building
  

Old Building, more than 15 years old New Building 
More space efficient with good use of the available area. Higher ceilings is a common feature in older buildings. Less space efficient - if a property is listed as being 2000 sq.ft, that figure will include lift and lobby areas. Total livable square footage will probably be around 1500 sq.ft.
Get more for your money, in terms of space but will probably have to sacrifice facilities. Less for your money, but you get facilities and good amenities.

Older bathrooms and kitchens 

New, modern bathrooms and kitchens 



A general guide to cost and what you will get for your money is outlined below


The Peak

Being the most prestigious area to live, the Peak is extremely expensive. For more information, pictures and listings, click here.
 
Square Feet  Bedrooms  Rent per Month 
1000 - 1500 2-3 HK$ 30,000-45,000
1600 - 2500 3 HK$ 40,000-125,000
2600 - 4000 3-4  HK$ 45,000- 180,000
4100 - 7000 3-6 HK$90,000 - 280,000


Mid Levels

Very convenient for access to Central. For more information, pictures and listings, click here.
 
Square Feet  Bedrooms  Rent per Month 
500 - 700 studio HK$ 10,000 - 20,000
500 - 1000 1-3 HK$ 10,000 - 30,000
1100 - 1500 2-3  HK$ 15,000 - 60,000
1600 - 2000  3 HK$ 25,000 - 75,000
2100 - 3000 3-4  HK$ 35,000 - 120,000
3100 - 5500 4+  HK$ 60,000 - 170,000


Deep Water Bay
Lowrises and townhouses predominate in this area. For more information, pictures and listings, click here.
 
Square Feet  Bedrooms  Rent per Month 
1500 - 2000 3-4  HK$ 29,000 - 35,000
2100 - 3000 3-4 HK$ 58,000 - 130,000
3100 - 5000 4+  HK$ 105,000 - 240,000


Shouson Hill

This area has the best of both worlds: convenience to Central and the Southside living environment. For more information, pictures and listings, click here.
 
Square Feet  Bedrooms  Rent Per Month 
1100 - 2000 2-3 HK$ 35,000 - 55,000
2100 - 3000 3-4  HK$ 53,000 - 68,000
3100 - 5000 3-4 HK$ 78,000 - 220,000


Repulse Bay

The beach is at your front door; the lifestyle is relaxed in this area.  For more information, pictures and listings, click here.
 
Square Feet  Bedrooms  Rent Per Month 
800 - 1000 1-2  HK$ 19,000 - 53,000
1100 - 2000 2-3  HK$ 22,000 - 80,000 
2100 - 2500 3-4 HK$ 41,000 - 85,000
2600 - 3000 3-4 HK$ 65,000 - 150,000
3100 - 5000 4+ HK$ 70,000 - 250,000


Chung Hom Kok

Lowrises and townhouses mostly in this family orientated area. For more information, pictures and listings, click here.
 
Square Feet  Bedrooms  Rent Per Month 
1500 - 2000 3 HK$ 35,000 - 75,000
2100 - 2500 3 HK$ 35,000 - 90,000
2600 - 3000 3-4+ HK$ 70,000 - 120,000
3100 - 7200 4+ HK$ 75,000 - 125,000


Stanley

The only area with a "villagey" atmosphere; shops, restaurants, bars and beach are all just a few minutes walk away. For more information, pictures and listings, click here.
 
Square Feet  Bedrooms  Rent Per Month 
1000 - 1500  2-3  HK$ 30,000 - 50,000
1600 - 2000 2-3 HK$ 30,000 - 75,000
2100 - 2500 3-4 HK$ 53,000 - 130,000
2600 - 3000 3-4  HK$ 63,000 - 100,000
3100 - 7000 4+ HK$ 90,000 - 180,000


Tai Tam

Magnificent views characterize this area.  For more information, pictures and listings, click here.
 
Square Feet  Bedrooms  Rent Per Month 
1000 - 1500 2-3  HK$ 20,000 - 50,000
1600 - 2000 2-3  HK$ 35,000 - 60,000
2100 - 2500 3-4  HK$ 40,000 - 70,000
2600 - 3000 3-4  HK$ 65,000 - 130,000
3100 - 3500 4 HK$ 80,000 - 145,000
3500 - 5000 4+ HK$ 83,000 - 190,000


Pokfulam

Lowrises and townhouses are abundant in this area. For more information, pictures and listings, click here.
 
Square Feet Bedrooms  Rent Per Month 
600 - 1000 1-3 HK$ 10,000 - 30,000
1100 - 1500 2-3 HK$ 18,000 - 40,000
1600 - 2000 2-3  HK$ 20,000 - 50,000
2100 - 2500 3 HK$ 35,000 - 55,000
2600 - 4000 4+ HK$ 40,000 - 140,000


Happy Valley/Jardine's Lookout

Convenient to Wanchai and Causeway Bay, a bustling area with lots of local shops and restaurants. For more information, pictures and listings, click here.
 
Square Feet Bedrooms  Rent Per Month 
500 - 1000 1-3 HK$ 10,000 - 46,000
1100 - 1500 2-3 HK$ 16,000 - 50,000
1600 -  2000 HK$ 30,000 - 56,000
2100 - 3000 3-4  HK$ 35,000 - 80,000
3100+ 4+ HK$ 80,000 - 120,000+


Sai Kung, Clearwater Bay, and Discovery Bay are areas in which you will get more space for your money, though the commute will take more than 30 minutes one way.

 

 

Last Updated: 4 March, 2003

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