Moving From UK to HKG

[Beanieskis]

Most people, particularly non-permanent resident expats, rent here. For non-PR stamp duty is very high. LTVs conpared to the UK are low, so you will have to put a lot of cash in to a purchase as a down-payment. Taking myself as an example, for us to afford to buy what we currently live in, we'd have to put a fairly large % of our net worth in to the property purchase, and that's not a gamble we're willing to take on the HK property market. And we only pay about 20-25% of our household income on rent, so it's not like we're living somewhere beyond our means.

We own properties in the UK that we rent out, and are happy to rent in HK. The one negative we don't like is not being able to make major changes to the property that you would if you owned it.

Just adding - I'm PR and have been here 14 years, so would get the lower stamp duty, but still choose to rent.

[Eastern123]

Thank you all good valid points.
After considered all the options, we both decided that the best course of action is I will travel there alone and gather all the necessary resources available and then proceed from there. This would allow me to concentrate on my new job and not worry too much about my family, but will keep in touch via WeChat and FaceTime. In the mean time, we will put the children in to weekend Chinese school and hopefully by the time comes we will have a better idea.

As I will go there by myself, does anyone knows any Apps/Website for house sharing for professionally minded people? Location will have to be Tung Chung as I will commute to the airport a lot on my work days. Been looking at Roomgo, but much choice there.

Thanks

Thanks

[Beanieskis]

If you Google flat share Hong Kong you’ll find a few different websites.

[SometimesInHK]

Thank you all good valid points.
As I will go there by myself, does anyone knows any Apps/Website for house sharing for professionally minded people? Location will have to be Tung Chung as I will commute to the airport a lot on my work days. Been looking at Roomgo, but much choice there.

Look for serviced apartments (a common short term rental option in HK, if you're not familiar) or coliving. The latter may be in shorter supply in Tung Chung than deeper into the city, though. Keep in mind it's actually possible to travel from Central to the airport in 30mins on Airport Express and even less time from nearer locations like Kowloon and Tsing Yi while the bus from Tung Chung can actually be slower than expected depending on where in the area you live so you may not necessarily absolutely want to live in Tung Chung even if commuting to the airport regularly.

[ByeByeEngland]

Similar to the above now that the Tuen Mun tunnel is built your choices, at least in the short term, are much greater. There’s certainly serviced apartments in Gold Coast available on short term lets. Don’t be a muppet and look at Discovery Bay though