How to Rent a Home in Hong Kong

Navigating the process of renting a home in Hong Kong for the first time can feel overwhelming. Numerous questions might arise: Should I consult a lawyer? Are appliances typically included in rentals? How can I discover quality rental properties? Which neighborhoods will best suit my needs? These are just the tip of the iceberg. Dive in for answers to these pressing questions and gain insights from our members who've made Hong Kong their home.

"Relocating to a new country can be a daunting task, especially when it comes to finding a place to live. Hong Kong, known for its vibrant city life and stunning landscapes, is a popular destination for expats. However, the process of renting an apartment in Hong Kong can be complex due to its unique real estate market. This guide aims to provide you with all the necessary information to make your apartment hunting in Hong Kong a smooth and successful experience.

How Do You Find a Rental Property in Hong Kong?

There are several ways to find rental properties in Hong Kong. Online property portals such as Squarefoot, 28Hse, and Spacious are popular platforms where you can browse listings based on your preferences. Local newspapers and real estate agencies are also good sources. It's advisable to engage a real estate agent who can guide you through the process, especially if you're not fluent in Cantonese.

Does Hong Kong Have an MLS Type System?

Unlike the US, Hong Kong does not have a Multiple Listing Service (MLS) system. Instead, real estate agencies maintain their own databases of available properties. Therefore, it's beneficial to work with a reputable agency that has a wide network and access to a large number of listings.

Do Brokers Have Licenses and How Do I Know if They are Licensed?

Yes, real estate brokers in Hong Kong must be licensed by the Estate Agents Authority (EAA). You can verify a broker's license by checking the EAA's online public register or asking the broker to show their license card. It's crucial to work with a licensed broker to ensure a legal and transparent transaction.

Should I Buy or Rent in Hong Kong?

Whether to buy or rent depends on your financial situation and long-term plans. Hong Kong has one of the most expensive property markets in the world, making renting a more feasible option for many expats. However, if you plan to stay in Hong Kong for a long time, buying might be a good investment.

Is it Difficult to Find Rentals in Hong Kong?

Finding a rental in Hong Kong can be challenging due to high demand and limited supply, especially in popular expat areas. However, with patience, flexibility, and the help of a good real estate agent, you can find a suitable place.

What Documents are Required When Renting an Apartment in Hong Kong?

When renting an apartment, you'll need your passport, proof of employment (such as a contract or pay slips), and proof of financial stability (like bank statements). If you're using a real estate agent, they'll guide you through the process and let you know if additional documents are required.

Do I Need a Lawyer When Renting an Apartment in Hong Kong?

While it's not mandatory to have a lawyer when renting an apartment, it can be beneficial, especially if you're unfamiliar with Hong Kong's rental laws. A lawyer can review the lease agreement and ensure your rights are protected. Legal fees can vary, but you can expect to pay around HKD 5,000 to HKD 10,000.

How Long is the Typical Lease For?

The typical lease term in Hong Kong is two years, with a diplomatic clause that allows you to break the lease after one year without penalty, provided you give two months' notice.

Do I Have to Pay a Deposit?

Yes, a security deposit equivalent to two to three months' rent is typically required in Hong Kong. This deposit is refundable at the end of the lease, minus any deductions for damages or unpaid rent.

What Other Upfront Costs are There When Renting?

Besides the security deposit, you'll also need to pay the first month's rent in advance. If you're using a real estate agent, you'll need to pay a commission, usually equivalent to half a month's rent.

Are Utilities Included?

Utilities are typically not included in the rent and need to be set up and paid for by the tenant. The cost of utilities can vary, but they are generally not overly expensive. However, air conditioning, which is often necessary in Hong Kong's hot and humid climate, can significantly increase electricity bills.

Are Furnished or Unfurnished Rentals More Popular?

Both furnished and unfurnished rentals are available in Hong Kong. Furnished apartments usually include basic furniture and appliances such as a bed, sofa, refrigerator, and washing machine. Unfurnished apartments may still include white goods like a refrigerator and stove. The choice between furnished and unfurnished depends on your personal needs and budget," said one expat living in Hong Kong.

Expats Talk about How they Found their Home

"Choosing where to live is very personal. I used to live on a university campus where there was a great sense of community without the feeling of being in some sort of expat clique. I now live in a well-managed housing estate with excellent security and friendly staff but no sense of community. If you are an expat and want community, you may well have to accept being more separated from the local culture. It is a fact of life here that local people do not mix in the same way as back home. Do not be offended by this - it is a cultural norm, and not aimed at expats. My in-laws were truly shocked (not to mention my first next-door-neighbour, 16 years ago) when I went to the flat next door to introduce myself and invite the neighbours round for coffee. I still surprise them with my weird expat ways, but it doesn't matter - I decided long ago to be myself and to accept my neighbours as they were. It seems to work nicely all round," commented an expat living in Hong Kong.

"We used a relocation company/agent to help us find our first neighborhood and apartment. It was great - but full of other expats. We wish we would have lived in an area with more local culture. Newcomers will want to think about that - do they want more local culture or comforts from home?," said an expat in Hong Kong.

"Finding a place to live in Hong Kong can be a daunting task. The best way to start is to research the different neighborhoods and districts in the city to determine which one best suits your needs. You can also look into the different types of housing available, such as apartments, condos, and houses. Once you have narrowed down your search, you can use online resources such as property listings, classifieds, and real estate agents to find a place that fits your budget and lifestyle. Additionally, you can also look into short-term rental options such as Airbnb or hostels. Finally, it is important to consider the cost of living in Hong Kong, as it is one of the most expensive cities in the world," remarked one expat who made the move to Hong Kong.