Thanks to all who have contributed... I'm finding the information very helpful. A few more questions/comments....
In regards to the person who mentioned commuting.... I currently do not commute and am thankful for that! Are you saying that there are zero ID90 tickets to travel to and from work? You mean I am paying for a ZED fair which basically means I will be paying for the taxes? No doubt this is something to consider but I would imagine that this would still be relatively cheap as Taiwan is quite close. At any rate, it is something to definetly consider!
Living costs in HK...
To be honest, the idea of living in the city is somewhat of a turn off to me. I would much prefer to be 45 min to 1 hour outside and commute in. Am I to assume that voiceofreasons 12k for 1400 Sq. Ft. is a reasonable price if you live outside the main city?
Finally, taxes! Living within HK I am to assume everything is taxed at 15%?