People rent properties for various different reasons. Whether you are moving to Hong Kong or relocating within the city, it is important to have the right information. Hong Kong is one of the most expensive cities in the world. For years, renting a property in this city has also been costly. In addition, the rental market in the city is so alive that you will have the opportunity to choose from thousands of properties. For this reason, before you contact a removal company Hong Kong, it is necessary to give yourself enough time to find your dream home. Looking for an apartment that will suit your need is a time-consuming task. There are also many things that you should take into consideration when you start your home search. Therefore, discover in this guide all about apartment hunting in Hong Kong and find the perfect home for you.
When should you start apartment hunting in Hong Kong?
Looking for an apartment is a process that takes a lot of time. For this reason, one of the best options to start your property search is 4 to 6 weeks before you plan the relocation. In Hong Kong, the turnover leasing time is incredibly fast. Especially, when it comes to properties under 50k. There is strong competition for apartments that are well-presented with good prices. These usually stay on the market for a very short period of time. If you book a local moving company Hong Kong and start an apartment search more than 6 weeks in advance, you risk not getting the leasing contract. It may happen that someone will offer a quicker commencement. Therefore, the optimal time range for an apartment search should not be more than 6 weeks in advance.
Before choosing a location there are a few things to consider
Before you start with an apartment search, there are several factors to consider. First of all, if you are single or married. Then, consider the size of your family. Also if you have preschool or school children, and finally if you have a pet. All of these facts can influence the neighborhood and the size of the apartment that you will choose. In addition, an apartment size is one of the most essential factors. You should consider the factors such as the layout and the usable space. Sometimes you can choose a smaller apartment, but with more usable space than some with larger square footage.
Get to know your neighborhoods
Once you start apartment hunting in Hong Kong, you should inform yourself well about the neighborhoods of the city. Hong Kong is a city with various charming and distinctive districts. In addition, the city has three broad areas as Hong Kong Island, Kowloon, and the New Territories. This is a very safe city. Hong Kong Island is the commercial heart of the city with some of the most expensive rents. Before contacting furniture movers Hong Kong, you need to know that renting prices in Kowloon are lower than in Hong Kong Island. The area offers a more domestic vibe but still having an access to urban life. The New Territories is an ideal place if you wish to be far from the business district. In this area, you will find plenty of villas and parks. There is also Lantau Island with access to greenery and beaches.
Some of the most popular areas to consider
Depending on your requirements it is necessary to know that each district has different housing options. If you are looking for a larger apartment, districts such as Pokfulam, Upper Mid-Levels West, Happy Valley, and North Point Hill offer them for rent. Those who live by themselves or with a partner can consider studios or 2-bedroom apartments when booking packing services. These areas feature such apartments: Sai Ying Pun, Sheung Wan, and Kennedy Town. Some of the most luxurious areas are Central, Mid-Levels, and the Peak. If you look for artsy neighborhoods with plenty of coffee shops and bars, you will find them in Sheung Wan, Sai Ying Pun, and Kennedy Town. Those who prefer historical districts with local markets and street food can consider Mong Kok, Yau Ma Tei, and Jordan.
Get to know rental prices before you start apartment hunting in Hong Kong
Rental prices in Hong Kong certainly depend on the district that you choose for your new home. If you wish to rent a decent studio or a room to share, the rental prices start from HK$10,000 to HK$60,000 per month. To rent a larger space with a more convenient location, you will have to pay between HK$20,000 and $30,000. If you need to rent a storage Hong Kong you should add it to your monthly rental budget as well. Besides the rent, you will need to pay a three-month security deposit. There is also a monthly management fee for property maintenance. Finally, Government rent of 5% can also apply in some cases.
Rental contract, necessary documents, and other details
The typical rental contract in Hong Kong lasts for two years, with a break clause of rental termination after one year. During the second year either the tenant or landlord can end the lease with a two-month notice. You will need to pay attention if there is a clause making you responsible for apartment wear and tear. Landlords may require from you your passport, an employment letter, and a valid working permit. Those who look for renting a property without contacting a real taste agency can do that over several popular online property listing platforms. One of the most popular platforms is Property.hk. This is a multi-agency website that offers many different apartments for rent. Other popular sites are Spacious, 28Hse, and Hong Kong Homes.
When you start apartment hunting in Hong Kong, there are many different factors to consider. This is one of the safest cities in the world and also a world financial and cultural center. With so many amenities that Hong Kong boasts, you should look forward to relocating to this charming city.