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Old 23rd Mar 2013, 15:48
  #17 (permalink)  
Sqwak7700
 
Join Date: May 2004
Location: 3.5 from TD
Age: 47
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2 br accomodation close to airport
Problem is, HKG developers have a funny idea of what constitutes a "bedroom". Over here, a bedroom is usually only big enough to accommodate a small bed. Even master bedroom barely fit a small queen or double bed.

Even in Tung Chung, right next to the airport, 2-3 bedroom flats will run you from 5 to 10 million, sizes ranging from 500-1100sqft. That's right, over a million US for 1100sqft which includes elevator and common areas into the size calculations. Hence why other posters have recommended 45,000 as the minimum housing allowance per month.

And unless you are independently wealthy or want to place all your eggs on the HKG housing market, you can pretty much rule out buying. Non Permanent ID holders now get raped in stamp duty, and unless you put a substantial percentage down, you also pay very high mortgage insurance premiums.

It is the most expensive city in the world, fact. Think about that very carefully before you start making calculations.
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