Last edited by ray98; 12-05-2018 at 12:25 AM.
Olympic is the obvious solution. Choose an estate directly connected to the MTR. Central Park / Park Avenue / Florient Rise / Hermitage. No need for shuttle buses. They are all an easy indoor air-conditioned walk to Olympic MTR station with Florient Rise being the closest (less than 5 minutes walk). Around 1000 sq ft is possible with your 45K budget if you do your research carefully.
Before we had a car we tried it a couple of times - to visit Chili n Spice at Gold Coast, now sadly shut. Getting to work early on the 962 wouldn't be so bad, but I wouldn't fancy going home on that route every day from ICC.
Olympic is the really obvious move. The only thing you lose over Kowloon station is slightly worse access to the Airport Express, and that's a small price to pay for saving 5-10k a month in rent.
There are other estates right by there which are farther, but those are all walk-to-the-MTR close.
I do find that getting from there to TST is annoying, though you can take the minibus (78, I think?). You can also do an airconditioned walk through Olympic 3 that puts you pretty close to Mong Kok MTR. It's not fast but it's pleasant enough.
Thanks for all the input, we will definitely try the commute but it sounds like having a car makes things so much easier...maybe we'll need to research the real cost of a car in HK. Then I suppose it opens up a lot of other locations as well. We will be checking out Olympic apartments this week, so fingers crossed...might have to bite the bullet and take the new rent cost and do more research until next year!