Have you discussed with your employer regarding their sponsorship for getting you a working visa for HK? Apologies if I missed it in the thread, if it's already mentioned.
Get the company to put your stuff in storage for a couple of years and pay a housing allowance of say $15K. You don't need to live on the island even though there is some 'cool' factor of living there.
Agree with FionainHKG - the HK visa sponsorship is important and can take a while if this is the first time the company is sponsoring a visa. For you, the tax piece is important - if you're maintaining your flatshare, that will give you an additional 'tie' to the UK. Frequent trips back to the UK will also mean you spend more days there, meaning your UK tax residence is going to need looking into. If you dont break UK tax residence it will be an issue. Given you work at a start-up, would also suggest you get some advice as to the tax implications when the company IPOs or is sold on, particularly as to the CGT implications.
The context, however, is that the CEO has asked me to find out what would be considered the reasonable/fair/market offering, given that he wants to get me to move to HK (we have offices in London and HK). And I'm prepared to do that, but I don't want to live in a box.
This is why in my comments above I always ask what the minimum would be would be for a single person being asked to relocate to HK.
Last edited by KiwiBrit68; 13-02-2019 at 05:08 PM.
Not in detail yet. They don't foresee any issues. Is there something you think could be a problem?
Office in Sheung Wan - I would stay towards island West like a few stop on the MTR (underground), you can also take a nice slow TRAM.
Housing Allowance - 15K, add a few K and you can find a 1-2 bedroom up to 300-400 sq/ft along that line towards Sai yin Pun / Kennedy Town.
Regarding housing allowance, be aware that a fair number of people don't get housing allowances- I have worked in Asia for over 10 years and never had a housing allowance. Which is why 15k is fair (so that your combined salary and housing allowance is a fair amount).
What I have found is that if the flat has a good layout with all usable space, i don't miss the extra square footage- I moved from about 1100 square feet in my last move from the US to about 500 square feet and it feels about the same to me. I guess I don't really have a dining room but then I never used mine in my apartment in the US. Didn't use most of my large kitchen either.
They have built a bunch of new flats on my island (not a popular destination, we have no motorized traffic and it's small)- I don't live there, I have a better view) but they are newish and brand new (Paloma Bay, Treasure Cove) and under 20k. Here is an example.
That said, many people advise living closer to work and bars...I am older so I don't care...ferries are highly reliable, never late, only shut down in the rare large typhoon when you won't go to work anyway.
Plenty of interesting neighborhoods in Sheung Wan, Sai Ying Pun, and Kennedy Town.
Thanks all. It's been very helpful!