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1. Home Search

1.1 Rental Amount
1.2 Location
1.3 Furnished/Unfurnished Accommodation
1.4 Conditions of the Property

1.1 Rental Amount

Prices in Hong Kong are comparatively expensive and are determined by supply and demand situation. When demand for good accommodation outstrips the supply, landlords can become less flexible where rental negotiation is concerned.

Rental amounts quoted by landlords may be exclusive of any add-on charges such as Government Rates, Management Fees, Car Parking Fees and Utility Charges. It is advisable to find out what is included in the rental amount (i.e. furnishings and appliances) and the cost of the add-on charges. This will enable you to calculate your total rent for the property.

It is important to note that the Housing Benefits provided by Cathay Pacific is calculated on the prevailing market rent of an unfurnished accommodation. Cathay Pacific will not agree to the payment of full rental assistance or approve the personal loan for rental deposit where the accommodation is considered to be in excess of the market rate. You are advised to consult Housing Services BEFORE committing yourself to renting accommodation or paying any deposit money to the Landlord or Estate Agent.

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1.2 Location

It is important to establish your priorities before starting on your property hunt. Issues to consider may include easy access to shopping facilities, access to schools, transport services and commuting time and access to recreational facilities.

As a general rule the further you live from the city centre, the more you can get for your money.

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1.3 Furnished/Unfurnished Accommodation

As well as considering the size of accommodation, the number of bedroom/bathrooms and size of the general living area, another consideration is whether or not to rent a furnished or unfurnished apartmanent.

Most accommodation in Hong Kong are offered unfurnished. Furniture and domestic appliances can be provided with an increment of rent.

Please note that this increment will not be taken into consideration. The rent will be assessed on an unfurnished basis and your housing assistance will be calculated and based on the assessed rent.

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1.4 Conditions of the Property

The standard and quality of finishes in many properties varies tremendously from dated colour schemes, flimsy and cheaply made units, poor plumbing/drainage to plug sockets not working.

Improvements at the Landlordís expense such as redecoration, provision of domestic appliances, floor polishing, alteration to fitting etc. are points for negotiation and must be raised at the time when the offer is made.

It is also advisable to ask your letting agent as to whether the property you intend to rent is well managed. Shoddy building standards can result in problems for the tenants. Ensure that the management of the property is good and that your Landlord is amenable to meeting relevant costs that might be incurred during the tenancy.

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