View Poll Results: How much (%) of your household income do you spend for your housing rental?

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  • Less than 5%

    20 4.50%
  • 5.1 to 10%

    32 7.21%
  • 10.1 to 15%

    46 10.36%
  • 15.1 to 20%

    61 13.74%
  • 20.1 to 25%

    79 17.79%
  • 25.1 to 30%

    89 20.05%
  • More than 30%

    117 26.35%
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How much (%) of your household income do you spend for your housing rental?

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  1. #61

    Join Date
    Feb 2010
    Posts
    7,441

    what's the deposit % that is required here?


  2. #62

    Join Date
    Apr 2010
    Location
    The Pun / Hong Kong
    Posts
    101

    HSBC give 95% at the moment


  3. #63

    I believe every bank in HK gives 95%.

    Shop around for the lowest mortgage rate.


  4. #64

    Join Date
    Aug 2004
    Location
    Wanchai, Hong Kong
    Posts
    97

    That news to me. HSBC told me the only give 70% for non-new properties.

    The one I am looking at is around 10 yrs old, so its not exactly old.


  5. #65

    Join Date
    Feb 2010
    Posts
    7,441

    The real estate yesterday said to me that the norm is 30% deposit.

    He said for the size of apartment i want to rent with a 30% deposit the repayments would be similar to costs to renting.

    Just got to find that 30%!


  6. #66

    You can borrow up to 95% if are ready to pay insurance. Just go to a bank (shop around at different banks) to ask...


  7. #67

    Join Date
    Feb 2010
    Posts
    7,441
    Quote Originally Posted by John_Pinkelin:
    You can borrow up to 95% if are ready to pay insurance. Just go to a bank (shop around at different banks) to ask...
    OK, same as Australia.

  8. #68

    Join Date
    Feb 2010
    Posts
    82

    When I move I expect to pay around 40-50% on rent.


  9. #69

    Join Date
    Feb 2010
    Posts
    7,441
    Quote Originally Posted by Hugo85:
    When I move I expect to pay around 40-50% on rent.
    Just about to move. Rent will go from 34% of rent to 21%. NICE!!!


  10. #70

    Join Date
    Aug 2009
    Posts
    966
    Quote Originally Posted by psampras88:
    The 'Landed' book is rubbish - not much added value - all common sense from a Gweilo who has had the courage to play the property mkt.
    Totally, wrost book I ever bought and it wasn't cheap around HKD 170

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