yiyuanjing
I feel for you, but I respectfully disagree that this is 'out of nowhere.' In Hong Kong, most leases have a 2-year term, and after the first year, landlords can raise rent to market rates. Causeway Bay is prime area; 30% might be high, but it's not uncommon given rising property values. Have you checked if your lease allows this? Maybe negotiate or look for a cheaper flat.
SelimByrk
Man, that's rough. I had something similar happen in Wan Chai after just 6 months—landlord wanted a 25% hike 'due to market rates.' I tried negotiating, but he wouldn't budge. Ended up moving to a smaller place in North Point. It sucks how common this is here. Maybe try pushing for a smaller increase or longer lease term?
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