I mentioned a couple of weeks ago that i'd started the process of negotiating a new rental contract for where i'm living in HK.
After a couple of offers & counter-offers we have settled on an increase of around 4.7%, which i'm quite happy about for a couple of reasons:
Firstly, it means i don't have to move - i hate moving!;
And secondly, this means that over a 4 year period (the last 2 years and the next 2 years) a 4.7% increase is actually very reasonable and well below the local inflation rate over the time period in question.
This also gives certainty to an important component of my expenses, and the increase will not have a material impact on my savings rate.
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