The rental offer in Hong Kong is vast, the districts are numerous and the rents vary in frightening proportions for those who are not familiar with the city. Real estate agents give you their advice to start your rental search.
Hong Kong is home to neighborhoods for all tastes, with different atmospheres, quiet corners like Stanley, to the swarming streets of Sheung Wan through towers with plunging views in Mid-Levels…
But finding Apartments for rent in Hong Kong can sometimes be complicated. Rents are among the highest in the world. It will also be necessary to combine interior comfort, proximity to work and to school if you are with your family.
Housing is a significant financial investment, information is often dispersed, and for these reasons, research is sometimes an obstacle course. You have to have in mind some peculiarities of the market to start, among them:
The increase in rents is the norm in Hong Kong (it borders on 120% compared to 2010). It is all the more important as the surface is small and it will be different according to the districts.
For a budget between 30,000 and 40,000 HK $, the surfaces will be between 650 and 900 sqft ( salable ), the districts to be privileged will be Happy Valley, Tai Hang, Wanchai, North Point, Kowloon and the New Territories. But the vacancy rate at 3% is extremely low.
For a budget between 40,000 and 75,000HK $, the surfaces will be between 1,000 and 1,700 sqft ( saleable ), the districts to be targeted are more Happy Valley, Mid Levels, Tai Hang, Clear Water bay / Sai Kung. The vacancy is 8.5%.
You will need more than 75,000HK $, to have more than 1,700 sqft ( salable ) on the island, the privileged districts are Mid-levels, Stanley, Repulse Bay, The Peak. Vacancy rate: 7.5%.
And with more than 130,000HKD, you can open the doors of some luxury complexes: The Lilly, 127 Repulse Bay, HighCliff, Summit, Branksome Crest ... There is a very large rental market in Hong Kong, which depends on many variables.
In the selection of the neighborhood when looking for Apartments for rent in Kennedy Town , it will be necessary to prioritize certain aspects, such as access to the workplace, surface area, proximity to shops, local or western atmosphere, quality of finishes. If it is a family, the proximity to the French school and the school bus routes will also have to be taken into account.
For those who wish to live in the heart of the city, on the island of Hong Kong, and with modest surfaces (therefore suitable rents). From East to West, these five districts plunge the inhabitant in the city, near restaurants, shops and especially the excitement and dynamism of Hong Kong Island (Central will be a few minutes walk or by public transport in common).