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Old 29th April 2011 | 03:48
  #20 (permalink)  
404 Titan
 
Joined: May 2002
Posts: 2,609
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From: Asia
Voiceofreason

The point is HK$10,000.00 per months housing assistance which isn’t pegged to the Hong Kong Rental Index and therefore inflation is grossly inadequate.

By the way I have property in Sydney that is in a very fashionable (expensive) area near the beach. It’s about 2500 ft² liveable area and I would be lucky to get AU$850.00 per week which even with the extremely high AU$ is about HK$31300.00 a month. My current place in Hong Kong is way out in the New Territories, 1350 ft² and is HK$33500.00.

On the point of what you may be paying for your mortgage, that isn’t even a starter for most joining the company now. 25% deposit on a flat less than HK$6,000,000.00 is a lot of coin to have to cough up.
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