I will be moving to Hong Kong to start work by January, my first pay check is due by end Jan.
I’m just organizing my financials, Could you help me to figure out how much money I should be bringing in to HK for initial settlement of the first month.
As I can understand below is what I may need, the ones with the question marks are the once I’m not sure about.
3 ½ times of the Rent (HK$12k x 3.5) for Deposit, Rent & Broker charge
Basic Living expenses for one Month (HK$6-7k for two people, We are a low maintenance young couple & we will be living 2 MTR stations away from my workplace – Tiu Keng Leng to Kwun Tong)
My Apartment is almost fully furnished, just need to buy a double bed – how much?
Any utility deposits?
Mobile/Internet deposits?
Bank Account opening minimum?
Any Tax? – I think my first tax deduction will come by Jan 2011, Correct?
Basically could you please advice any other thing you could think of that I may cost me to survive my first month in HK.
Also what’s the best method of bringing money in to HK?
Is there any advantage of living the first month in a Serviced apartment & then moving to a rented apartment?
I know it helps to buy more time to look around for better apartment deals & delay the initial months costs till you get your first pay check. Any other benefits? I had read much negative comments about low/mid-level servised apartments thus far. Any good mid-level servised apartment (HK$10-12k month) that you could suggest?