Property Information Property Description The apartment offers multiple payment options: quarterly, semi-annual, and annual payments. 1. **Quarterly Payment**: Suitable for students studying in Hong Kong (PhD candidates currently enrolled) who have proof of income and bank statements. A 15% surcharge applies. The deposit is three months' rent. 2. **Semi-Annual Payment**: Suitable for all international students. A 10% surcharge applies. The deposit is four months' rent. 3. **Annual Payment**: Suitable for everyone. No surcharge. The deposit is two months' rent. The apartment is located in the most vibrant area of Mong Kok, Hong Kong, surrounded by a wide variety of dining options that meet daily living needs. There are also nearby leisure and entertainment facilities such as gardens and playgrounds, as well as convenient and reliable pharmacies and hospitals. It takes only a three-minute walk from the apartment to MTR Mong Kok Station, making it very convenient to reach Metropolitan University, Polytechnic University, City University, and Baptist University. **[Frequently Asked Questions]** On top of the rent, each person will be charged HKD 490 per month for water, electricity, gas, and internet fees. This fee covers water, electricity, gas, Wi-Fi, and management fees. **[Cost Breakdown]** The total amount of the lease contract includes: deposit (two months' rent) + total rent (twelve months' rent) + management fee (8% of total rent) + half of the stamp duty (payable to the Hong Kong government). Your water, electricity, and internet fees are included within the management fee. **[Management Fee Policy Explanation]** a) Calculation method: 8% of total rent b) Included services and costs: - Utility allowance: Each unit enjoys a monthly utility allowance of HKD 1,000, shared among all occupants. During the rental period, the apartment will handle all utility-related matters (including gas connection if needed), and keep all utility bills and payment receipts available for review at any time by residents. If utility usage exceeds the allowance upon departure, the excess cost will be equally shared among roommates and deducted from each student's deposit. - Includes building or private property management fees, rates and taxes, apartment Wi-Fi network fees, concierge service fees, regular cleaning service every Sunday afternoon, and free maintenance and replacement services for equipment inside the apartment. Photos and videos are for reference only, showing the same estate layout. Actual rooms may vary. For more information, please contact the consultant. **[Risk Warning]** In recent years, there have been cases in Hong Kong's rental market where tenants suffered losses due to paying full-year rent upfront. To protect the interests of every client, all apartment buildings we partner with support various payment methods, including one-time payment, quarterly payment, and monthly payment. Please carefully choose according to your personal circumstances. For further details, pay attention to related risks and bear any potential losses accordingly. WeChat Contact: huw352