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Old 9th Nov 2010, 04:43
  #38 (permalink)  
freightdog188
 
Join Date: Dec 2005
Location: SE Asia
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just a reality check for those who are still thinking about it

do a bit of homework ...

1. think about how many square metres/ square feet of living space you require.
I'd say minimum 50sqm / 550 sqft for a single guy and 100sqm / 1100sqft for a couple with 1 child.

2. get to grips with hong kong property market phraseology

ever heard of the word "floor area efficiency" ?

a flat will be offered for rent or sale as "gross sq/ft"
as the property developers are allowed to include your flat's "share" of the common areas, lift lobbys, in-house pool or gym and the wall thickness (yes!) as well as any balcony, aircondition unit utility area and a lot of other things in the saleable/rentable floor area.
The average "efficiency" of HK flats is around 80%

So the effect of this is: a flat that is offered as 1000sqft has actually only 800 sqft that you can use, which means you'll need a 62.5sqm/690 sqft flat for a single and 125sqm/1375sqft for a young family.

with me so far?

3. and now surf to
Hong Kong Property and Apartment, for Rent and for Sale or
Hong Kong Rental Apartments | Villas | Village Houses | Property Lease or
Savills Hong Kong Residential Property Search Website
and look what a 1375 sqft apartment will cost per month in rental ...

4. think again .....

Last edited by freightdog188; 9th Nov 2010 at 05:30. Reason: links
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