33k at the moment, after 2 years its 65k on variable or 71k fixed for owner occupier.
Basically for this money (33k) you can get a huge 5 bedroom house with 2100sq feet floor space and close to the beach etc in South Lantau, or you can get a one bedroom apartment that's a little bigger than a hotel room for the same money right in the middle of central Hong Kong. The question is how far from the city are you prepared to go? Overall the housing allowance is pretty generous, I mean which other compnay will give you 4500USD a month just for housing???
also the housing allowance changes every month according to the housing market conditions etc...
hope this helps
catpac