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What's a reasonable relocation package for a single person, esp housing?

  1. #21

    Join Date
    Dec 2013
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    Hong Kong
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    9,342

    The main problem with your question is that its impossible to answer. If you come to HK with a large international bank, you might expect a housing allowance of up to HKD100,000 per month. Our company brings in expats that want to join us in HK, we have zero housing allowance.

    And everything in-between.

    As others have suggested, the cost of accommodation varies enormously across HK. The usual trade-off is travel time vs cost vs space. You can have one, not all three.

    shri likes this.

  2. #22

    Join Date
    Oct 2014
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    2,255
    Quote Originally Posted by HK_Katherine
    The main problem with your question is that its impossible to answer. If you come to HK with a large international bank, you might expect a housing allowance of up to HKD100,000 per month.
    Not anymore - unless you're very senior.

  3. #23

    Join Date
    May 2006
    Posts
    469

    "Relocation package" is intended to cover moving and setup costs, so a "reasonable one" would be:
    -Flight
    -Shipping allowance - small one since you're single and flats in HK can't fit much
    -4 weeks serviced apartment/hotel accommodation (for you to find a flat)
    -Agreement for return flight (although this doesn't mean much for a seed-funded startup, if it goes bust)

    If you want them to cover HK accommodation on an ongoing basis, then it's up to you to decide what to ask for.

    It seems you can find reasonable rentals in Discovery Bay for 20k. On Hong Kong Island, 20k won't get you much


  4. #24

    Join Date
    Oct 2012
    Posts
    4,074
    Quote Originally Posted by merchantms
    Not anymore - unless you're very senior.
    Agree. Cathay pilot housing allowances were massive (60k+),and even those are being reduced I've heard.

    I'm of the opinion that these cushy housing allowances are helping fuel the outrageous housing market. Hope companies freezing or cutting out housing allowances might help.

    I think 15k is more than fair, and yes, expect to pay some out of your pocket depending on your needs and desires. Outlying islands could work well for you if you value space and greenery. If you want more of a vibrant lifestyle at first, then go for something simple, small but well laid out on HK Island. Check out current prices at Queens Terrace in Sheung Wan for a ballpark idea of "reasonable" prices in the area.
    Mrs. Jones likes this.

  5. #25

    Join Date
    Aug 2017
    Posts
    152
    Quote Originally Posted by DimSumBond
    I would not move to Hong Kong for that salary and package.

    Would give up the frequent flights back for more housing allowance if you do. And London housing is actually a lot nicer than Hong Kong - this should tell you something.
    I assume that is 6500GDP per month i.e. 78K a year.

    That is not a bad salary at all. you could get a decent flat in HK island for 20,000HKD. That would leave you 45000HKD a month for.....what? a bit of tax off that, a small amount for utilities. Plenty left over.

    Most teachers coming from UK would not be on anywhere near that salary and lots of them are happy to move to HK for a job.

    Not everyone can earn silly salaries working for banks!

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