How much does it cost to rent in Hong Kong?

The minimum rent in Hong Kong is about 15,000 HKD (1,900 USD) per month for a simple one-bedroom apartment further away from the center. If you wish to live closer to the center or rent a bigger place with more amenities expect to pay at least 20,000–30,000 HKD (2,550–3,850 USD) per month and more.

How much does a 3 bedroom apartment cost in Hong Kong?

How expensive is housing and accommodation in Hong Kong?

Renting in Hong Kong Average monthly cost
One bedroom apartment (city centre) HK$16,551
One bedroom apartment (outside of city centre) HK$11,006
Three bedroom family home (city centre) HK$39,800
Three bedroom family home (outside of city centre) HK$23,426

Are rents falling in Hong Kong?

Average rent in the city fell 0.7 per cent to HK$34.74 per square foot in January, the lowest level since May 2021, according to data compiled by Midland Realty, based on leases in 138 housing estates.

How much do you need to live comfortably in Hong Kong?

You should allow for HK$30,000 to HK$50,000 (US$3,900 to US$6,500) per year for other living costs, including food, leisure, transportation, and personal items, depending on how extravagantly you plan to live.

How is living in Hong Kong for expat?

Hong Kong is a fantastic destination for expats and their families, with wonderful food, a vibrant culture and so much opportunity. Just make sure you are well prepared, with a job offer secured, international health insurance prepared and an apartment ready to help you settle in quickly.

How long can you live in Hong Kong without a visa?

Entry and residence requirements Although Hong Kong is now part of the People’s Republic of China it remains a Special Administrative Region with its own immigration controls. You can visit Hong Kong for up to 6 months without a visa.

Why Hong Kong home Renters will pay more next year?

“One of the reasons that rents have increased this year is the return of mainland Chinese students, and we believe this trend will continue next year,” he said. He said he expected small to medium sized flats would be the most sought-after.

Are property prices dropping in Hong Kong?

Hong Kong, ranked by survey company Demographia as the world’s most unaffordable housing market for the 12th consecutive year, posted a 2.9% decline in home prices so far this year, with prices dropping at a faster pace in February to their lowest since January 2021.

How to rent a flat in Hong Kong as an expat?

Save real estate commissions and get the best rental rate when renting a flat in HK by negotiating directly with the apartment owner. We regularly see direct owner property listings for rent in the popular expat districts of Hong Kong including Midlevels, Happy Valley, Sheung Wan, and South Side on AsiaXPAT. Beware of Scams!

How much does it cost to rent an apartment in HK?

According to Nestpick database, the rent in Hong Kong might change in between 998 HKD and 7,780 HKD. Compare to other big cities in Hong Kong, rent in Hong Kong is relatively reasonable. Who can rent apartments in Hong Kong? Anyone is looking for accommodation can rent an apartment in Hong Kong as long as they are +18 years old.

Can I move to Hong Kong as an expat in 2022?

In this article, we take a look at everything you need to know about moving to and living in Hong Kong as an expat in 2022. We cover the practical details expats should consider before making the move, including upfronts and living costs, the visa requirements to live and work in Hong Kong, the Hong Kong tax system and where to live.

Where is our apartment situated in Hong Kong?

Our apartment is situated on the Tsim Sha Tsui where is the commercial and shopping center of the Kowloon side in Hong Kong. It’s very high in accessibility as you just need 3 minutes to the Jordan MTR Station, 8 minute