Always wondered why not many expats like Tsing Yi, I may move there myself just to get away from all you expats.
Some estates that you can consider:
Some of these are newer, some are older. There are other estates as well. I think it's worth to spend a few hours to look around the area.
Move to Yuen Long. Do it just for the confused looks when someone asks you where you live... I live there, too.
Last time we were in HK we made a mistake of taking an agent around Sheung Wan and mid-levels instead of Kowloon and NT, so that opportunity was wasted unfortunately.
We went to Olympic once but were hit by a heavy rain and were not able to look around much that's why I have such limited knowledge of what's around.
What I am trying to do now is to lock on several areas and in the best case scenario specific estates so we can spend our time with agents as efficiently as possible.
I also have a question regarding how do landlords and agents calculate deposits and fees. Many listings quote prices including government rent rates and management fees. Do these go in deposit calculations? E.g. if my rent is 20,000 HKD including management fees and government rates does that mean 40,000 HKD deposit and 10,000 HKD agent fee or do we reduce the rent by the amount of fees and calculate the deposit then - e.g. to the amount of 36,000 HKD?
Last edited by oktohk; 14-06-2017 at 07:03 PM.
Standard contract is 1 year fixed one year flexible. This means that after one year both parties can cancel the contract with one month notice or renegotiate the rent. Many landlords won't renegotiate rent if you are a good tenant but others will.
Rent includes rates and management fees. You are just responsible for paying gas, water and light. Landlords also should pay to get the agreement stamped. Your first payment is for 1 month rent + 2 months deposit + agent fee (if you use one). For a 20k flat that would be 20k+40k+10k =70k