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Moving from Mumbai, India to Hong Kong

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  1. #21

    Join Date
    Jul 2009
    Posts
    29

    Welcome to Hong Kong, but as someone said above 2 main things are schooling and housing, having done that one should also be aware of the total costs of a 4 person household, then you can make a informed decision and in case you fall short, can ask more compensation from your employing company.

    House Rent : 30,000 ( for Net 850 sqft ) They call it 1100 sft in HK
    School fees : 18,000 per child ( International schools ) Forget ESF schools almost impossible to get in there
    Bus & Other school charges : 2,000 to 2,500 per child
    Bills for home : 3,000 ( electricity, Water, Gas, Internet, Cable, Wifi etc )
    Maid Salary : 4,500 ( optional )
    Groceries and home food : 5,000
    Eating out in weekends : 1,500 per weekend ( Saturday & Sunday) One time only either Lunch or Dinner
    Entertainment : 1,000 ( minimum )
    Local Transport : 1,500 ( family of 4 )

    Total is HK$ 91,000
    Suppose the take home salary is US$ 15,000 ( = 118,000 ) , in that case do not forget the 15% Income tax
    That means you get 100,000 in hand and spend 91,000
    Then you save amount of 9,000 almost say US$ 1,000

    After that yearly trips to India will cost money, and the above list does not include shopping of Clothes, Shoes, Books, Gifts or any other thing,

    Moving is a big decision , HK is not far away Mumbai, why not make a short trip PRIOR to moving lock stock and barrell,

    If the Salary is over US$ 15,000 then is fine, if not, think about it,
    Hong Kong National Motto is NO MONEY NO TALK


  2. #22

    Join Date
    Feb 2019
    Location
    Pok Fu Lam
    Posts
    378

    Agree with the above. Find someone that lives in HK whom you can get on a call with and share the big picture to ensure you are making the right decision for your family - particularly your kids - since they are at a stage of life where they'd be going to University pretty soon...

    KalpanaP likes this.

  3. #23

    Join Date
    Dec 2019
    Posts
    10

    Thanks @Dipak123 for sharing details. Appreciate it.

    Yes, we have been doing these calculations and in connect with people here in HK prior finalizing the move-in plan. And agree, these are the key expenses.

    HK is quite an expensive place!

    Do share any other factors that need to be thought over for moving in HK.

    Regards - KP