Hong Kong is a very fast-paced city where people constantly rush to catch up with the latest news. Hong Kong is a city that prides itself on its economic prowess, and there is no doubt that it is one of the richest in the world. But with such a concentration of wealth, the cost of living here can be very high.
The price of real estate has skyrocketed over the past decade, and housing has become unaffordable for many people, especially young adults and newlyweds. The average price per square foot for Hong Kong one bedroom apartments is currently USD $3,560 (HKD $39,000). The price to buy an average two bedroom apartment in Hong Kong was USD $664,000 (HKD $7.8 million) in 2015. Given these figures, you can see why so many young people are choosing to live in Hong Kong short term lease service apartment properties instead of trying to find their own homes.
If you are looking for more affordable housing in Hong Kong, you may want to consider one of the hundreds of lease apartment service apartment properties that have sprung up all over the city in recent years. These buildings can offer you somewhere to live without breaking your budget completely! Apartment O can help you to choose one!
A service apartment building is a form of accommodation where tenants pay less because lease apartment service apartment properties do not receive all of the services that would be provided by a property owner or landlord. While the furnished apartment service apartment will still have the demand for housing is always on the rise, hence making it quite difficult to get your hands on affordable housing in Hong Kong. However, it is still possible to find a cheap Hong Kong short term lease service apartment and service flats if you know where to look. The number of property owners in Hong Kong has diminished over the past few years, due to high property prices and a lack of space. This is particularly true for young people on lower incomes who have difficulty affording a decent home or a pet friendly apartment.
The government and Apartment O Causeway Bay options have introduced schemes in an attempt to resolve this problem, but the demand for such properties is far higher than the supply. However, if you are a first-time homebuyer or simply looking for an affordable option in Hong Kong, service apartment properties might be your answer. In this guide, Apartment O will cover some of the best ways to look for affordable housing in Hong Kong.
Before we take a closer look at these options, it is important to understand what service apartment properties are. A service apartment is an apartment that is designed to provide services to those who cannot afford to live independently. In most cases, the service apartment is built by third parties that then lease them out to individuals or companies.
What is a Service Apartment?
Lease apartment service apartment properties in Hong Kong provide a home-like environment with services such as room service and maintenance. Many people prefer them to hotel rooms because service apartment properties offer more privacy and space, although service apartment properties do not include a kitchen or laundry facilities. Some Apartment O Causeway Bay properties service apartment properties that are managed by hotels and offer extended room service hours, while others are completely independent but may require guests to pay for utilities or Internet access on an as-needed basis.
Many apartment buildings in Hong Kong include some service apartment properties for Hong Kong short term lease stays, but long term lease apartment residents can also find these types of rental options nearby. The city has many luxury apartment buildings that cater to long term lease apartment guests and include additional amenities like gyms and swimming pools. The main advantage of a pet friendly serviced apartment is its low rent prices compared to other types of houses and flats. This makes it ideal for students and young working professionals who don't have much money to spare after paying their bills. A pet friendly serviced apartment also comes with the most basic amenities like beddings, air conditioners, kitchen wares, pet friendly apartment, etc.
Best locations for finding an affordable service apartment in Hong Kong:
Causeway Bay
Apartment O Causeway Bay has a variety of options for all sorts of budgets. You can find a service apartment here easily with Apartment O assistance. A few great places to look are Block 2 Wharf Close (near Fortress Hill MTR), City Garden (alongside City University), City View (besides the Tin Hau Temple), and so on.
Happy Valley
Many people in Hong Kong live in substandard housing and many of them are migrant workers from the mainland who have moved to Happy Valley for jobs. In fact, about half of Hong Kong's population lives in public housing projects or other subsidised accommodations provided by the government. The good news is that there are more furnished apartment, pet friendly serviced apartment properties available than you might think — in fact, it's estimated that there are over 20,000 of them in Hong Kong! The bad news is that there aren't all that many places in Happy Valley offering them for rent at any one time. But Apartment O could help you to sort it all out!
You're probably not going to find one advertised on billboards or in newspapers. Instead, you'll have to be prepared to do a lot of research and footwork if you want to find one. Service apartment pet friendly buildings are typically older buildings that have been repurposed for use as housing by the government or private developers. These buildings may be between ten and 20 stories tall and offer both one bedroom apartment and apartment two bedroom units, depending on location and availability. Living conditions vary from neighbourhood to neighbourhood; some neighbourhoods are more desirable than others, but all service apartment properties follow the same basic model: small footprint with shared amenities.
Service apartment pet friendly properties in Hong Kong are usually located within the same building as luxury apartments and have access to all of the same amenities. The difference is that service apartment properties are much smaller than luxury apartments and have different amenities. For example, pet friendly serviced apartment properties may not have laundry facilities or elevators. The "service apartment" is a kind of low-rent accommodation provided by the government, Apartment O Causeway Bay residences or private developers to those who are on low income, such as low-income earners, young graduates, housewives, singles, and so on.
Service apartment properties are usually located in older buildings on Hong Kong Island or Kowloon. The living spaces range for an Apartment O Causeway Bay is from 65 square feet to 220 square feet. Some long term lease apartments feature a private toilet and shower while others share facilities with other tenants of the same building. The Government provides a furnished apartment subsidy to eligible applicants to offset some of their monthly rent, but due to rising property prices, these apartments are becoming more expensive than other types of public housing.
Service apartment properties have been available as long as public housing has existed in Hong Kong, but service apartment properties are not well known. Located on Causeway Bay, service apartment options of Apartment o Causeway Bay properties were created by the government to house workers throughout Hong Kong. In recent decades furnished apartment service apartment properties have become more lucrative investments for private owners and developers because the Hong Kong property bubble has pushed up prices in private markets so high that low-income people no longer qualify to buy homes.
If you are one of the many people who are frustrated by the high cost of living in Hong Kong, you might be considering the option of renting an apartment or flat in Hong Kong. Service flats or service apartment properties are a popular housing choice among working professionals, students, and expats as Service apartment pet friendly properties offer all the comforts of home with the added convenience of having someone else take care of the household chores. Service flats or service apartment properties in Hong Kong are typically furnished with modern appliances and facilities to cater to your every need. Pet friendly studio apartments have a lift and there is normally a concierge service that can help with any problems that you may encounter during your stay.
These Apartment O rooms are ideal for those who do not like to do their own housekeeping as well as those who simply do not have the time to do so. The most important thing when it comes to finding a good service apartment is its location. The area of the apartment three bedroom should be safe and convenient, with easy access to shopping centres and public transportation. If you can find a lease apartment that is close to your place of work, this will make getting into town much easier for you in the mornings if you need to catch a train into town for work. There are different types of service apartment properties available. It all depends on what you need – one bedroom apartment or apartment two bedroom, shared or private bathrooms, kitchenette or full-equipped kitchen, and so on.
Service apartment pet friendly studio apartment properties have gained popularity in recent years because one can rent a room within the apartment building itself instead of renting an entire apartment. This allows individuals to live with roommates and share living expenses, which is more economical than renting a whole unit alone. These days, most service apartment pet friendly properties are located near universities and colleges to attract students like you. Some are located within walking distance from the campuses while others require a short bus ride away. You can also find them near public transport hubs such as MTR stations and bus terminals so you won't have any problems commuting to school or work.
As Hong Kong's most affordable housing option, Service apartment short term lease is ideal for young people and those who are still single. The rent is cheaper than that of a regular lease apartment , because the facilities are shared. This includes cooking facilities, cleaners and security services. Residents can also use other apartment amenities, such as a swimming pool or tennis court. The government and Apartment O Causeway Bay has announced plans to further promote the development of this type of residential accommodation, with the aim of providing more affordable housing options for younger people and families in Hong Kong.