[pin]

hi

just a few views and suggestions i guess.

my rent is up for renewal in three months.

gave the landlord a call and they have said that rent will go up from 14.5k a month to 17k a month.

presently living on the border of central and sheung wan. apartment is a new building, i have a mid level floor with a balcony and a decent size (two bedrooms, gross 693 square feet).

i do like where i live (both location and actual living quarters).

i have no idea what the market is like now, but is 17k a month for what i have decent value.

thanks!!

[Boris]

Seems about right as a starting point but its all down to negotiation. Never accept the first position.

[jgl]

If the place is new and in good condition, it sounds in the right ballpark.

[backpacker]

15-20% increase sounds reasonable these days...

[jgl]

Come to think of it, the OP's rise is 17%, same as mine. Probably worth trying to negotiate, depending on whether the landlord is an individual or a corporate (less flexibility in the latter, I suspect).

[pin]

thanks guys.

the landlord is tung wah hospital. no negotiation possible. there is a waiting list of about 200 people to get into my building as it is.

[sunniefaith]

Depends how badly do you want your current place. It might be helpful for you to have a look around what else is on offer around your area.

[Crocodile]

Originally Posted by sunniefaith

Depends how badly do you want your current place. It might be helpful for you to have a look around what else is on offer around your area.

I second that. Unfortunately you actually might be getting a great deal. It is sad to think that a 20% increase is "normal".

[pin]

Originally Posted by Crocodile

I second that. Unfortunately you actually might be getting a great deal. It is sad to think that a 20% increase is "normal".

that's the thing, for the location, age of property, size of property, etc, 17k is about right (the flat could easily fetch c. 20k a month).

[sunniefaith]

Originally Posted by pin

that's the thing, for the location, age of property, size of property, etc, 17k is about right (the flat could easily fetch c. 20k a month).

Then....what are you thinking about and what's keeping you?