May 9, 2011

Apartment Renting Decision at Hong Kong

Hiring an apartment is one of the most important decision you take. You like to stay in an happy place. At the same-time you may not like to shell more money. Where would you like to do ? Here is comparison for 3 popular living areas in Hong Kong.


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Central
Olympic
Tung Chung
Estate Name
Hollywood Terrace
Metro Harbour View
Tung Chung Crescent
Sq feet
800
874
800
Rent
35,000
17,000
13,000
MTR charges
0
450
920
Tax Savings
(4,125)
(1,425)
(825)
Net Impact
30,875
16,025
13,095
Time to Office
14 minutes
10 minutes
36 minutes
  1. This comparison is for understanding purpose
  2. The figures are taken from month May 2011
  3. Assuming office in Central / Admiralty
  4. Assuming estate bus available from Central Estate – Hollywood Terrace
  5. Tax savings is on basis of HKD 75,000 pm salary assumption

2 comments:

  1. Thanks for the information. Now, we can be more wise in choosing an apartment to stay while in Hong Kong.

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  2. It might take longer for one to reach the office from Tung Chung Crescent but one can still save a lot more compared to the other two locations. Staying in the Central District can be convenient but a 22,000 HKD difference is not a small amount.

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