All you need to know
The housing allowance is adjusted to represent the average rental cost of a three bedroom reasonable sized flat in on Hong Kong Island.
As such the value of the monthly housing rises and falls with the market.
You will get more for your rental / purchasing dollar out of Hong Kong Island than in the center of town.
If you buy you can elect to float with the rate (adjusted regularily) or you can lock in and take your chances. The purchase makes sense around the 4-5 million HKD price range and will take you 8- 10 years to pay off. if you buy at 2 mill or so you can pay off in under three years. Of course that is all at the low interest rates of the last eight years. If interest rates go up you can quickly add 5 years to your payments !! Also the market has historically had huge corrections and we have had a good run since SARs .
So there you have it. Not sure if this is a deciding factor in taking a job at CX or not !!
As for what people do for commands that is so far down the road for anyone not in the company yet, that it is not even worth taking into consideration. However if you averse to spending time in Hong Kong with your family then CX might not be the place for you. Stand by for change.
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