When it comes to the priorities of settling down in a new country I would say occupation or a steady income is probably the most important. Coming in at a close second would be accommodation. This is where I still feel very dishevelled or very uncomfortable.
Waking each morning from a couch and living from a suitcase is no means a settled lifestyle. In fact, I feel about as comfortable as I imagine the UBS Rogue Trader felt the moment he found out about the Swiss Franc ceiling. Not to say that the accommodation hasn't been anything short of first class. I've had a huge living room, a cushy leather couch, broadband internet, a custom-made sheep rug and a massive 55" TV at my disposal. It's just I feel I've over welcomed my stay. Overstayed by six months. I have been here since the beginning of April! April, that was almost 2 seasons ago! That has got to be some record of dossing. I can already see all the chiropractors salivating at the thought of my mangled spine. It's not just my spine, think about the actual people who I'm staying with, I've become apart of the furniture.
Which probably makes you wonder, why haven't I moved out yet? Well, that's a very good question. Which is probably summed up best by describing the current Hong Kong Property Market. Shit. Succinct and deliberate. The market is so inflated it has forced buyers back into the rental market, which of course is saturated with tenants and a huge deficiency of properties. Basic supply and demand suggest that the prices can only do one thing, that is go up. Properties will appear and disappear in the market within a matter of hours. I might receive a call in the morning "I have a place which I think is perfect for you, do you want to view it this evening?" only to receive a follow up call a couple of hours later "Sorry, it was just leased, I'll keep looking for you". I originally had had an idea of what budget and what I could expect in return based on friend's experiences in the last year. However, speaking with property agents it appears prices on rental market have increased in the last 12 months - in some cases more than 25 percent!
With a budget and a will I have engaged the rental scene, viewing apartments in the Central, Mid-Levels and Sheung Wan area. This region of Hong Kong is extremely popular with foreigners, with a huge proportion of expat tenants occupying the high density area. Three weeks in and I've seen a lot of places but nothing that I can comfortably call home. I didn't really experience this in London as I was always flat-sharing, but Hong Kong is a different beast. Price per square foot, space efficiency rating, club facilities and city views are all factors in determining how much you will pay. I've seen Studios, 1 bedders, 2 bedders, walk-ups, tiny kitchens with a 1 stove elements, Hong Kong style wet-kitchens and bedrooms that barely fit a double bed. It makes London look spacious, it makes Australia look wasteful.
It's hard not to feel discouraged after seeing so many incompatible places yet I continue to arrange viewings each night after work. According to agents an average person will see anywhere between 5-10 places before they decide to sign the contract. I have seen at least 40 different places and don't feel like I'm getting close. The agents always try the hard sell saying that my budget and requirements aren't aligned. I give a non-committed answer and tell them that I'll think about it knowing that a decision has already been made. I figured if I'm going to be there for a year I might as well wait.
Am I too picky? Am I looking for something that doesn't exist? Does the thought of commitment cloud my judgement? These are questions I often ask myself, usually directed at relationships as opposed to property - uh, at least I'm consistent. Until then, I continue with the viewings and get comfortable with the idea of sleeping on the couch for a little bit longer ...
Waking each morning from a couch and living from a suitcase is no means a settled lifestyle. In fact, I feel about as comfortable as I imagine the UBS Rogue Trader felt the moment he found out about the Swiss Franc ceiling. Not to say that the accommodation hasn't been anything short of first class. I've had a huge living room, a cushy leather couch, broadband internet, a custom-made sheep rug and a massive 55" TV at my disposal. It's just I feel I've over welcomed my stay. Overstayed by six months. I have been here since the beginning of April! April, that was almost 2 seasons ago! That has got to be some record of dossing. I can already see all the chiropractors salivating at the thought of my mangled spine. It's not just my spine, think about the actual people who I'm staying with, I've become apart of the furniture.
Which probably makes you wonder, why haven't I moved out yet? Well, that's a very good question. Which is probably summed up best by describing the current Hong Kong Property Market. Shit. Succinct and deliberate. The market is so inflated it has forced buyers back into the rental market, which of course is saturated with tenants and a huge deficiency of properties. Basic supply and demand suggest that the prices can only do one thing, that is go up. Properties will appear and disappear in the market within a matter of hours. I might receive a call in the morning "I have a place which I think is perfect for you, do you want to view it this evening?" only to receive a follow up call a couple of hours later "Sorry, it was just leased, I'll keep looking for you". I originally had had an idea of what budget and what I could expect in return based on friend's experiences in the last year. However, speaking with property agents it appears prices on rental market have increased in the last 12 months - in some cases more than 25 percent!
With a budget and a will I have engaged the rental scene, viewing apartments in the Central, Mid-Levels and Sheung Wan area. This region of Hong Kong is extremely popular with foreigners, with a huge proportion of expat tenants occupying the high density area. Three weeks in and I've seen a lot of places but nothing that I can comfortably call home. I didn't really experience this in London as I was always flat-sharing, but Hong Kong is a different beast. Price per square foot, space efficiency rating, club facilities and city views are all factors in determining how much you will pay. I've seen Studios, 1 bedders, 2 bedders, walk-ups, tiny kitchens with a 1 stove elements, Hong Kong style wet-kitchens and bedrooms that barely fit a double bed. It makes London look spacious, it makes Australia look wasteful.
It's hard not to feel discouraged after seeing so many incompatible places yet I continue to arrange viewings each night after work. According to agents an average person will see anywhere between 5-10 places before they decide to sign the contract. I have seen at least 40 different places and don't feel like I'm getting close. The agents always try the hard sell saying that my budget and requirements aren't aligned. I give a non-committed answer and tell them that I'll think about it knowing that a decision has already been made. I figured if I'm going to be there for a year I might as well wait.
Am I too picky? Am I looking for something that doesn't exist? Does the thought of commitment cloud my judgement? These are questions I often ask myself, usually directed at relationships as opposed to property - uh, at least I'm consistent. Until then, I continue with the viewings and get comfortable with the idea of sleeping on the couch for a little bit longer ...
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