Welcome to HK!
I agree with the other poster that you can find a place either by the Kowloon Station (above the Elements mall) or by the Olympic Station, both places should be close to where you work. Although with a 40K budget I think you will get more for your money Olympic Station than Kowloon Station.
We live at One Silversea by the Olympic Station, a sea view 1,200 sq ft apt is around 40k. Next door there is the Long Beach which has brand new apartments around 700 sq ft but rent is a lot lower, around 15k to 20k I believe. But there are really no parks around these complexes, what you'll get is the nice club facilities.
We know friends who are using transformers for some U.S. appliances but they are all small items, so not sure if an entire entertainment system will work.
Good luck with the move! Let us know where you end up...

Originally Posted by filin:
So, I've made up my mind - Hong Kong, here I come! Of course now I have a zillion questions... I've been browsing the forums, but I thought I'd still throw out a couple of them here in case anyone would like to comment:
1. Will be working in West Kowloon, near the harbour. What's a nice place to live with a short commute for a couple with no kids (~30 years old) on a 40K (plus or minus) monthly housing allowance? What would it take to either (a) get a nice ocean view or (b) live in a nice "green" area, maybe near a park?
2. Many forums keep saying not to bring electronics from US, but we've just bought a complete new entertainment center with carefully chosen components and my company will be covering the shipping costs, so I would rather not sell and buy everything new. Has anyone brought their electronics from US? Would I be ok with a couple of good transformers?