Posted by
pankus101
14 yrs ago
HI all,
I'm thinking of moving to HK and wanted to see what your average monthly budget seems to be? Assumin you are going out a few times a week, buying groceries for cooking at home, and taking public transport...
This would be a family of 2.
Any help would be greatly appreciated as I am not familiar with how much things cost in HK.
Thanks!
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wow... fantastic - ok let me see if I can answer all that!
1. Thinking of living around Clearwater, Saikug area - away from the city. Much more prefer space and light than amenities in the building.
2. Ready to eat anything - but want to live comfortably - not McDonalds, but also not 5 star Michelin restaurants....
3. Planning on buying a used car when I get here.
4. Love the city life, but prefer to come home to the park or sea view or something alike.
5. BOTH! :-)
6. no plans as of yet... for now it's just the two of us.
7. I thought the other half WAS the domestic help?!
8. I'd love to travel as much as possible - as far as hotels - mid level.
So basically, going for your mid- level life style... I guess the biggest question is how expensive are the stores - food wise, apartment utilities, going out for drinks on the town?
Thank you so much for the help!
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Thanks Cara - would it be fare to say that one would be probably looking to spend around 50 percent of their monthly salary on rent to live comfortably?
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Hi - I have just moved to HK with my husband, and we are definately looking at spending 50% of his salary having spent the last 3 weeks flat hunting, although we are looking in central areas and could find cheaper if we wanted (I just feel I'm too old now to compromise on living environment). I am now looking for a job to subsidise our lifestyle so we can live like we did in London!
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Hi Booth - looks like we are in the same boat... I had been expecting to follow the traditional 30% for rent scheme, but after a few weeks of hunting, I am also coming to the realization that it's going to be quite a bit more for rent. It's a good thing Chinese food is so darn cheap! :-)
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You have to weigh up and prioritise what is important to you. Is it space? Proximity to work? You really need to interrogate the agents and ask around to know all the fees associated with renting such as agency fees, bills, different commute costs based on where the apartment is etc. You may be able to save a bit by sharing with more people and/or living closer to work.
When I did my flat hunting I used HongKongHome.com, then used an app called Smart Renter Pro to organise all the details. It took a really long time but I managed in the end!
Good luck
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