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One
of the main concerns in the relocation process is "what kind of home
can I expect?" Sallmanns Residential, a Hong Kong-based company that
offers extensive support and assistance to corporate and individual
clients during relocation, provides an overview of the process.
Hong
Kong offers a huge variety of types, sizes and amenities in housing,
and as in so many aspects of life, the critical factor that governs
choice is budget. This means that the first thing that needs to be
established is exactly what allowances and reimbursements are included
in the financial package offered by the employer for your new position.
In the past, the vast majority of expats arrived in Hong Kong with a
basic salary plus an abundance of additional items paid for separately
by the company. These could include rent, school fees, annual air
fares, utility costs, medical care and repatriation costs. Senior
personnel would also have a car and driver provided. Nowadays,
many companies prefer to include these allowances in an all-in
"umbrella" package, thus saving administrative costs and leaving
employees to make their own arrangements. Increasingly, they also ask
employees to take out a personal lease, thus reducing the workload for
the human resources department. However, it is still accepted practice
to receive a one-off additional relocation allowance to cover the cost
of removals, fees, deposits, fitting-out and so forth. Newcomers
to Hong Kong are not advised to buy property on arrival. It is usually
assumed that your stay here will be for a limited number of years and
the financial advantages of purchasing can take several years to become
viable. Also, it's tough choosing a home here. The thought that it's
only a rental, and that you can move easily in a couple of years if you
get it wrong, is indeed a comfort. In due course, if you stay
long enough and market conditions suit, you may think about buying your
own home, or even a smaller investment property to let out, but on
first arriving, play safe and rent until you understand Hong Kong
thoroughly. One of the prime reasons for the high cost of sale
and rental property in Hong Kong is a simple matter of supply and
demand. There is a vast number of people wanting to live on a severely
restricted area of land. On Hong Kong Island the natural shoreline
provides only a narrow strip of relatively flat land, which leads to
soaring, steep hills. And while there has been a huge amount of
reclamation of coastal bays, this is chiefly for mass housing projects
and therefore does little to relieve expat housing problems! So
please be prepared to live in smaller homes, with little or no outdoor
space. This may seem like a significant lifestyle change, but rest
assured that thousands of families before you have made the adjustment,
and gone on to live here most happily for many, many years! And
there are significant compensations. You may have a truly stunning sea
view instead of a front yard, and you'll meet extraordinary people from
many walks of life, all with stories to tell. You'll travel to exotic
and wonderful places, and your children will learn so much more about
life than a school can ever teach them. Temporary accommodation Take
your time looking for suitable housing - your belongings may well take
several weeks to be shipped anyway - and there are so many factors to
consider. Options for temporary accommodation are: Hotel accommodation Hotel
standards are very high in Hong Kong. Many hotels offer long-stay
packages with special weekly or monthly rates and extras such as
discounted laundry, free use of facilities and some meals. Serviced apartments Families
often prefer to take serviced accommodation, which usually provides a
separate sitting area and small kitchen and can be more homely than a
hotel for a period of a month or so. Our serviced apartment guide has several apartments listed in it, with enquiry forms and websites for dozens of apartments in Hong Kong.
You
need to consider the distance from school, work and shops, and what
amenities or recreational facilities are offered. Reservations should
be made as far in advance as possible, especially if you are coming in
the peak tourist and conference months of April to May and October to
November. Leave flats/short-term furnished apartments Some
expatriates are required to leave Hong Kong for lengthy periods, but do
not want to pack up their homes. They may sub-let their flats (usually
not allowed under the terms of a tenancy agreement!) which provide a
more comfortable and spacious alternative to a hotel or serviced
apartment. Sallmanns Residential is a dedicated personal
service company offering extensive support and assistance to corporate
and individual clients in their relocation to Hong Kong. For more
information see http://www.sallmannsres.com/about/index.html Sallmanns Residential provides services for
- The corporate executive who needs to be functioning in his role within the company as quickly as possible.
- The executive's wife and children who have to face new challenges in their lives in adjusting to the new environment.
- The human resources department which deals with the details of the relocation.
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