30-year-old Chinese woman earns HK$100,000 monthly and chooses to rent a subdivided flat instead of buying property


4th December 2023 – (Hong Kong) In a recent interview conducted by a blogger on the popular social media platform TikTok, a mainland Chinese woman living as an expatriate in Hong Kong revealed her unique living situation. The interview shed light on her decision to rent a subdivided flat despite her impressive monthly income of approximately HK$100,000.

The interview video, which has garnered significant attention, shows the blogger approaching a woman on the streets of Mong Kok, a bustling district in Hong Kong. The blogger then accompanied her to her place of residence to gain insights into her daily life. The woman, known as Coco, is a 30-year-old graduate of the Chinese University of Hong Kong with a master’s degree. She shares a 36-square-metre(approximately 390 square feet) subdivided flat with two other individuals. The flat is divided into three separate rooms, and Coco pays a monthly rent of HKD$6,800 for her room. Upon entering the flat, there are two bathrooms to the side, followed by the living room and open kitchen area. Coco mentions that the kitchen is equipped with an induction cooker and is only suitable for one person to cook at a time. Due to the limited space in her own room, she keeps her wardrobe in the living room, which she describes as being only 4 square meters (approximately 43 square feet) in size.

Despite the cramped living conditions, Coco maintains her decision to rent the subdivided flat. She explains that she aims to increase her income due to the high cost of living in Hong Kong, which requires her to adopt both cost-cutting measures and income-boosting endeavours. However, she has no immediate plans to find alternative accommodation. Instead, Coco intends to explore entrepreneurship in the future, as she believes it is extremely challenging for employees to afford property and settle down in Hong Kong. Her long-term goal is to earn enough money to purchase property in Hong Kong and bring her parents to the city.

Coco’s journey began when she arrived in Hong Kong as a mainland Chinese student. Prior to her move, she worked in auditing in mainland China, earning a monthly salary of only RMB 3,000. Following a recommendation from a friend, Coco decided to pursue a one-year master’s degree in Hong Kong. She reflects on the disparities between the mainland and Hong Kong, noting that she finds dining out and the small living spaces in Hong Kong to be considerably more expensive. However, she expresses admiration for the high standards and efficiency of the people of Hong Kong, emphasising their willingness to queue patiently.

After completing her master’s degree at the Chinese University of Hong Kong, Coco made the decision to settle in Hong Kong and work in wealth management. Within two years of graduating, she managed to accumulate her first HK$1 million, which brought her a great sense of excitement and accomplishment. At the time, she was 25 or 26 years old. Additionally, Coco reveals that she previously purchased a two-bedroom property in Shenzhen for RMB 3.6 million, with a down payment of over RMB 1 million.