I relocated to Hong Kong last month on short notice and hope to live in Central/Sheung Wan. As I'm already travelling extensively around Asia for work and in the office on weekends, I haven't had much time to house hunt. I'm thinking of just getting a serviced apartment for the first 6 months - 1 year. The price for a small serviced unit is only slightly more than a very average partial furnished apartment in Soho, and I don't have to worry about a 1+1 year lease.
Found a suitable development but I'm wondering if there's such a thing as a long-stay discount if I take a lease for several months up to a year? My friend did Shama Hollywood a few years ago and says he received up to 20 - 25% for a very long lease; and I know some other serviced apartments have 10 - 15% monthly discount off published rates if you stay over 3 months.
I'm trying to negotiate with the representing agent but they only want to offer 5% for 3 months or more which seems very low to me. Any thoughts??