At Career Intelligence we created an ‘Essential Relocation Information‘ guide to help Senior Executive Expatriates looking to move abroad and relocate with their families. One of the locations that we looked at was Hong Kong and we found out many interesting facts about Hong Kong which we have included in this guide and our ‘Global Leaders’ infographic.
Interesting Facts About Hong Kong
The 11th largest trading entity in the world and the financial centre for East Asia, Hong Kong has one of the highest concentrations of banking institutions in the world – a popular destination for anyone working in finance, banking and investments. Hong Kong is known as being one of the most expensive locations for expatriates and having the 3rd most expensive rental market. However, there are many interesting facts about Hong Kong which the majority of people yet to explore it (and yet to move there) will not know. Hong Kong is made up of over 200 outlying islands, and whilst the main island is densely populated and provides limited (and very expensive) living accommodation the surrounding islands provide much more space with highly reduced rental costs. Many expatriates moving to Hong Kong are concerned about commuting times to and from (on the main island), however one of many boats can take you from many of the outlying island to the main island in under 20 minutes. The train service is also second-to-none with a rush hour waiting time of no more than 2-3 minutes. Life on the outlying islands of Hong Kong is very different to that of the main island. Housing is much more spacious on the islands with many expatriates being able to afford to rent properties with large living spaces and gardens, and many expatriates report that the locals are very welcoming to those who integrate themselves into the local culture and way of life. Another wonder of Hong Kong is its natural beauty. Around 70% of Hong Kong is protected country parks which provide fantastic trails and tracks, breathtaking mountain peaks, waterfalls and caves, and a UN Geopark – rock formations unique to the world. The natural beauty in and around Hong Kong is staggering and many expatriates find themselves venturing outside of the city and main islands to explore the wealth of beauty surrounding them.
Five Facts About Hong Kong
- Hong Kong has nearly 8,000 skyscrapers – the most skyscrapers of any location in the world.
- Hong Kong has one of the most densely populated areas in the world with more than 7,000,000 (seven million) people packed into 415 square miles.
- One of Hong Kong‘s landmarks, the Tsing Ma bridge, is the longest road and rail suspension bridge in the world.
- The Hong Kong terrain is so hilly that there are outdoor escalators in the Central District of the island.
- Hong Kong has more Rolls Royce’s per person than any other city in the world.
Hong Kong Living Costs
The living costs in Hong Kong vary depending on where
you live and the lifestyle you choose to lead. Whilst the costs of living are very expensive on the main island, with a 2 bedroom, unfurnished property costing you around £4442 – £8883, the living costs on many of the outlying islands are much reduced. The costs of food and restaurants are also reduced in the outlying islands, and many expatriates who have integrated into the local communities say that not only are local shops and restaurants much cheaper than the larger, more commercial ones, but that the quality is
often much better.
The ‘Essential Relocation Information’ Guide
We created the ‘Essential Relocation Information‘ guide to help expatriates of all professions to better understand a number of the most popular destinations for work abroad. The aim of the guide is to provide a wealth of information about living costs, lifestyle and amenities/services available to expatriates looking to relocate abroad, as well as many of the policies and visa restrictions that must be noted. You can download this guide free of charge via our Facebook Page. All you need to do is ensure that you have ‘Liked’ our page and then you can follow the easy steps to download our guide, hassle free. In this guide you will find out more useful and relevant information about New York, London, Frankfurt, Singapore, Hong Kong and Tokyo. Be sure to share your experiences of Hong Kong with us by commenting below!