HK micro flat sells for record price
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HK micro flat sells for record price
A 209 sq ft flat just sold for almost a million USD. Take note anyone who thinks they can settle in HK. Imagine you and your family squashed into something that small, all for the price of a large home in the US or UK. You have been warned.
One in four Hongkongers can?t ever afford a home, as a micro flat sells for another record price | South China Morning Post
One in four Hongkongers can?t ever afford a home, as a micro flat sells for another record price | South China Morning Post
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And just so there's no misunderstanding just how unlivable HK is, here is a quote from the article:
....Among them is Henderson Land’s South Walk.Aura project in Aberdeen, where 70 per cent of the 142 available units are each smaller than 200 square feet. A standard 20-foot shipping container measures 165 square feet, while a standard UK-size car parking space is 126 square feet....
....Among them is Henderson Land’s South Walk.Aura project in Aberdeen, where 70 per cent of the 142 available units are each smaller than 200 square feet. A standard 20-foot shipping container measures 165 square feet, while a standard UK-size car parking space is 126 square feet....
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Pilots??? They can be inexperienced. Bottom of the barrel is just fine as long as the price is right.
Safety, not profits, is priority #1 at CX.
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I lived in a standard shipping container for a year. It wasn’t that bad as the local housing went....in Afghanistan.
Nice to know our accommodations in a war zone were nearly as spacious as a Hong Kong flat.
Nice to know our accommodations in a war zone were nearly as spacious as a Hong Kong flat.
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... and that shipping container is mostly immune from small arms fire. Double win!!!
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Rents up too
I hear that Tung Chung landlords are currently demanding 30% increase at lease renewal time. 40k for a grotty two bedder. How much is the allowance for an FO?
Can't get your kids into school without paying a massive debenture. Hong Kong gets more and more untenable by the month.
Can't get your kids into school without paying a massive debenture. Hong Kong gets more and more untenable by the month.
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Curtain. To clarify: your comments mainly apply to pilots like me and you. The remaining A scale and B scale pilots. Most of those hired since 2010 are now making firm and irrevocable plans to leave. CX has effectively destroyed themselves from the inside out, and is only now beginning to realise the depths of collapse they have triggered. I can safely say that there is probably upwards of a 1000 pilots who have determined to leave. Pilots like you and I will ONLY stay if our housing is secure. I can categorically state that I will be leaving the VERY DAY that my housing ends. I know that most of my colleagues feel the same. So, to conclude: the company has already assured that most of the middle ranks will be leaving, as they have no housing and no realistic hope of ever living a stable and secure life in HK. They are effectively gone. They then also risk losing a large majority of their senior crew, many of which are in C and T. That will happen much as an avalanche does....a sudden shift of the snow cap, then utter chaos. That is the result of the arrogance and stupidity of this management. And btw, I am not just speculating. This is based on the past year of quietly polling the crew I fly with. There is an epic exodus underway, and it is only going to get worse, week by week. Congratulations to AT and RH. You can retire knowing you collapsed one of the worlds great airlines, now long gone.
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It's comically tragic that, during the most epic increase in housing costs in HK's history, CX management seem to think that they can attract and retain pilots without paying a substantial housing allowance (effectively NO housing allowance at all for post 2010 pilots). Note to AT and RH: not only do we expect to be able to live comfortably in HK, but we also expect to earn enough to establish and maintain a residence in our home countries, as security towards retirement, and sadly in the case of CX, to protect against the arbitrary and capricious behaviour of our management. To suggest that HKPA is suitable is laughable at best, tragic on its face. ARAPA is the only sensible and suitable allowance that provides proper living arrangements for pllots and their families. And btw, it was YOUR management decision to IMPOSE ARAPA back in the early 2000's, as you suggested it was to 'mirror the market'. Guess what, that is what it does, and EVERY pilot deserves it. Wake up before you don't have an airline left.
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Managers Housing ?
Been here long time...
As far as I know, from DFO (who does not hold a director seat on the board) on up, housing is "provided" period.
Have been to 3 DFO's "provided" homes (owned by Swires I believe) all huge in very nice parts of HK with pools, maid's etc etc. No bills to pay plus CX Audi's complete with drivers (not sure about Audi for DFO).
At the top end - they are provided up on the Peak more than likely with all the staff. including cooks if they want.
Life is soooo hard at the top for those elite educated philosophers, geologists etc.
As far as I know, from DFO (who does not hold a director seat on the board) on up, housing is "provided" period.
Have been to 3 DFO's "provided" homes (owned by Swires I believe) all huge in very nice parts of HK with pools, maid's etc etc. No bills to pay plus CX Audi's complete with drivers (not sure about Audi for DFO).
At the top end - they are provided up on the Peak more than likely with all the staff. including cooks if they want.
Life is soooo hard at the top for those elite educated philosophers, geologists etc.
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senior managers get 24k (level D so supposed captain grade) general managers 30k.
All engineers now on local terms, so if they are not lvl D (maybe 4-5 in the department) they get nothing. Oddly enough quite a few a leaving too...
All engineers now on local terms, so if they are not lvl D (maybe 4-5 in the department) they get nothing. Oddly enough quite a few a leaving too...
You need to stop trying to see this logically because it’s not.
The reason they don’t give a hoot is due to one word ....EXIT
They’re so obviously sucking the guts out of the company I’m surprised you all don’t get it. Cost savings my ass. Put all your eggs in the Hk career basket and you’ll get scrambled.
The reason they don’t give a hoot is due to one word ....EXIT
They’re so obviously sucking the guts out of the company I’m surprised you all don’t get it. Cost savings my ass. Put all your eggs in the Hk career basket and you’ll get scrambled.
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Why don't the cheap housing allowance deal CX pilots go and live in ZhuHai and commute from there? You can live like a king in ZH for the monthly rent of a dog box in HK.
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In yesterdays Wall Street Journal, there was an article about how the 'young' people of HK can't afford to purchase a property without the help of their parents. We are talking about local HK residents. For those contemplating coming to HK, remember you will be discriminated against for the first 7 years, having to pay a purchase tax of almost 20% of the purchase price up front to the government. That is before any downpayments on the property itself. One example in the article was a buyer purchasing a 173 sq ft (yes, 173...) apartment for $3.79 million HKD. That is $488000 usd. For a 173 sq ft. Your upfront tax payment to the Govt would be approx. $97000 usd, then you would need to come up with another $97000 usd for a downpayment. That is before any other expense (furniture/legal). Then you get to settle down (with wife/children) in 173 sq ft. And CX management think that is about all you and your family should expect as a standard of living. Enjoy 