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Housing Info

Hang Zhou Housing Information

One of your main concerns in the whole relocation process will be "what kind of home can I expect?" Hang Zhou offers a huge variety of types, sizes and amenities in housing, and as in so many aspects of life, the critical factor that governs the choice will be budget. Thus 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 former times, the vast majority of expats arrived here with a basic salary plus an abundance of additional items that were paid for separately by the company, including rent, school fees, annual air fares, utility costs, medical care and all repatriation costs. Senior personnel would also have a car and driver provided. Nowadays, many companies prefer to include all these allowances in an all-in "umbrella" package, thus saving administrative costs and leaving the employees to make their own arrangements accordingly. Increasingly, they also ask employees to take out a personal lease, thus reducing the workload for the HR department. It is still accepted practice, however, that you will receive a one-off additional "relocation allowance" to cover the cost of removals, fees, deposits, fitting-out costs, and so forth.

Newcomers to Hang Zhou are not advised to buy property here 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 Hang Zhou thoroughly.

One of the prime reasons for the high cost of property - both sale and rental - here is a simple matter of supply and demand. There are a vast number of people wanting to live on a severely restricted area of land.

Please click here to visit our Leasing page for more information.


Temporary Accomodation

Take your time looking for suitable housing (your belongings can in any case take several weeks to be shipped), as there are so many factors to consider. While you search, the options for temporary accommodation are:

Hotel accommodation: Asian hotel standards are very high, and many hotels offer packages with weekly or monthly special rates and extras such as discounted laundry, inclusive breakfasts and so forth.

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. There are many alternatives and if you or your company require, we at Hunter Real Estate can advise you on this. 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.

Leave flats/short-term furnished apartments: Some expatriates are required to leave Hang Zhou for lengthy periods, but do not want to pack up their homes. They may then sublet 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.
 

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