This site is awesome! Thankyou for providing so much useful information. I am now in need of some advice/guidance regarding the financial aspect of living in HK.
I am about to enter into negotiations regarding my salary with my employer (going as a local) and am trying to forcast what will potentially be offered and what will be acceptable before going into the meeting with HR later this week.
My employer will pay for full relocation costs i.e shipping and provide a moderate lump sum on moving - this probably needs to be used to pay for furniture and apartment deposit. In addition they will provide HK medical cover.
Based on the various posts I have put together a bunch of numbers regarding expenses and I would really appreciate some feedback
I believe that in the worst case scenario paying for all my UK commitments and taking into account HK Salary Tax @ 17%, I will set aside the following:
HK Rental @ $16000 (inclusive)
HK Bills @ $3700
This means I will have approx $20000 left to spend on food,dining out, drinking etc....
1. Do you think the amount I have set aside for rental will pay for a decent apartment in Mid-levels?
I have checked out http://www.gohome.com.hk and found several listings for around this price however it's difficult to gage the quality of these apartments. A building that stood out was "Bella Vista" the reviews seem upto date and the rating was good, however there were no pictures so I couldn't get a feel for what they were really like.
2. Is $3700 a realistic figure for bills taking into account Utilities, Telephone, Broadband and Gym membership? I used the previous post http://www.geoexpat.com/forum/showthread.php?t=247 and took the max values to figure this out.
3. Bearing in mind I am single, will $20000 provide enough funds to sustain a good lifestyle perhaps eating out and drinking a couple of times a week and the odd weekend away?
I really appreciate the help that you guys have provided already and hope you can provide some guidance on this.