Hong Kong is always ranked as one of the most pricey cities to rent a home in the world. Although floorspace may be lacking here in comparison to other places, it’s certainly feasible to discover a dream home that is cozy, affordable, and well-located. Of course, before you contact Hong Kong movers and packers, you should first learn how to search for apartments for rent in Hong Kong.
How to find good apartments for rent in Hong Kong
Millions of people come to Hong Kong. Among them whether it is for work, pleasure, school, or any other reason many decide to rent apartments. Although the city is huge, fast-paced, and at times extremely expensive, it is still a sought-after place. But exactly because of that, just casually trying to rent an apartment won’t do. The local mover’s Hong Kong residents strongly recommend, have helped many people relocate. Apartments for rent in Hong Kong come in many shapes and sizes, as well as different price tags. So what are some of the things you should keep in mind?
The importance of location when researching apartments for rent in Hong Kong
Like any other place, Hong Kong also has many different areas. The differences among some of them are so big that they will impact your everyday life. When picking where your home will be located, it’s best to learn about them on time. Of course, the best decision will be created based on your budget and personal preferences. Although the city is quite large it is still a very safe place. This means that unlike some of the cities in the US here there is no such thing as a “bad” area. There are also three wide areas to consider: Hong Kong Island, Kowloon, and the New Territories.
For the rich
There are some areas that are perfect for those with more money. When affluent people look for apartments for rent in Hong Kong, they don’t need to think hard about the money. Due to that and some added benefits such as security and privacy, there are some areas worth looking into:
- Central, Mid-Levels, and the Peak – The most wealthy citizens of the Hong Kong community live in these areas. So here you will see a lot of well-heeled entrepreneurs and their families. Luxury homes in Mid-Levels and the Peak oversee beautiful panoramic sceneries of Victoria Harbor.
- Sheung Wan, Sai Ying Pun, and Kennedy Town – These artsy areas are loaded with coffee shops, fitness studios, and art galleries. Especially, the up-and-coming areas of Sai Ying Pun and Kennedy Town are drawing in, more and more working young adults. The apartments are small and the structures tend to be old, but given their proximity to Central, the rents are relatively pricey.
Average priced areas
Of course, not everyone can afford to spend millions or thousands on rent. And that is quite normal. In order to find suitable rentals In Hong Kong, you don’t need to look far. It is no surprise that such a big city can accommodate us all. Some people even find smaller apartments intentionally. And place their excess items in storage Hong Kong companies offer.
- Tin Hau, Fortress Hill, and North Point – More reasonable than Central and Causeway Bay, but still quite close to the heart of the action. Nevertheless, unlike the areas listed previously, this is not an expat-heavy area. But for those that can get past the language barrier relocation services Hong Kong offers will be the right choice when moving to this area.
- Mong Kok, Yau Ma Tei, and Jordan – Many of Hong Kong’s working class, seniors, and south-east Asian immigrant residents made their home in South Kowloon. These neighborhoods are famous for their markets and local food. The rent here is lower than in most parts of Hong Kong Island. While delivering quick entry to Tsim Sha Tsui and Central via the MTR’s red line.
Renting an apartment in Hong Kong
The lowest monthly rent is roughly HK$5,000. On the other hand, HK$10,000 is the usual starting point for a decent studio or space in a shared apartment. The most luxurious studios and one-bedroom apartments can start from HK$60,000 per month and go up. As such it’s quite obvious that apartments for rent in Hong Kong come in many price ranges, making sure everyone can find something suitable. If you need assistance looking for an apartment, it might be a good opinion to hire a real estate broker. Normally, agents take a charge of one month’s rent.
Half is paid by the tenant and the other half by the lessor. A rental lease in Hong Kong generally lasts for two years. Usually, there is a gap clause in the residency deal permitting either party to end the contract after the first year, with 2 to 3 months’ written notice. Be sure to read the documents to make sure you know all of the details. Such as whose responsibility it is to pay for repairs, whether you’re permitted to sublet or own pets, and more.
There are many options to look into. Apartments for rent in Hong Kong come in all sizes and are made to accommodate people of all ages and financial backgrounds. You should need to take into account your paycheck, everyday needs, and spending habits when moving here. Also, pay attention to the public transportation and location of your new home. As traffic jams are quite common due to the dense population.