Hong Kong is one of the world’s leading international financial centers with the seventh largest stock exchange in the world, and one of the greatest concentrations of corporate headquarters in the Asia-Pacific region. In the business world, Hong Kong is well known for its low taxation and liberal economy. Hong Kong was ranked second in the world with the most billionaires per capita and the Ease of Doing Business Index.
The monthly rental market
Hong Kong has a well-developed monthly rental industry and is dominated mainly by serviced apartments offering services to expatriates working for corporations. It is one of most expensive cities for expatriates, including rents. Apartments in Hong Kong are usually small and expensive. Locally serviced apartments are run by companies under brands and usually include cleaning services, WIFI and all bills included in the price. Most of the buildings accept credit cards, as they are focused on corporates as customers. Availability is usually very low, especially in the case of budget units. Buildings are usually working with pools (so you might not know the exact apartment you will stay in). Monthly rentals directly with landlords are relatively undeveloped and less flexible. Monthly will enter the Hong Kong market in 2016.