Hong Kong is an East Asian autonomous territory of China with a population density of 18,325 people per sq mi². The entire population is considered to live in an urban area.

Hong Kong was occupied by the British for 156 years, occupied also at one point by the Japanese military. It began originally as a small village of fishers and farmers but with the occupation by the British following the First Opium War. Over the years it became the seventh largest trading area in the world and is now home to the most skyscrapers in one area in the world.

Demographics

Hong Kong has an estimated population of 7.4 million, of those people 93.6% are ethnic Chinese. The remaining population is made up of people from America, Korea, the Philippines, Japan, Indonesia, Canada and Britain.

In Hong Kong, a majority of the population claims to be either atheist or agnostic with only 43% claiming to practice religion. Religions practiced in Hong Kong are mainly from Asia.

The official language of Hong Kong is Cantonese, though many inhabitants speak Chinese or English as well.

Housing Costs

  • Cost per square foot to buy in Hong Kong city center: US $2,664.71
  • Cost per square foot to buy outside city center: US $1,658.25
  • Monthly rent 1 bedroom in Hong Kong city center: US $2,352.32
  • Monthly rent 1 bedroom outside city center: US $1,494.68

Quality of Living Index

According to the Mercer Quality of Living index, Hong Kong ranked 71st in the world for best cities to live in.

Corruption Index

Hong Kong ranked 13th by the Transparency International Corruption Perception Index. The higher the rank, the less corrupt the country.

Cost Of Living

  • Cost of living per month for single person without rent: US $947.91
  • Cost of living per month for four-person family without rent: US $3,412.33
  • The statutory minimum wage in Hong Kong is currently $34.5 per hour

Top 5 Things to Do

  1. Go to Hong Kong Disneyland
  2. Visit the observation decks and towers at Victoria Peak
  3. Walk through Nan Lian Garden
  4. Kadoorie Farm and Botanical Gardens
  5. Ocean Park

Top Neighborhoods

  1. Tsim Sha Tsui
  2. Yau Ma Tei
  3. Mong Kok

Education

Hong Kong offers free primary and secondary education with three different types of school, government-run, aided schools and private schools. Aided schools are still financially supported by the government but run by volunteers. The schools offer curriculums from different countries as well as International Baccalaureate programs, many prioritizing teaching English and a secondary foreign language. Many schools are introducing compulsory Mandarin classes as Mandarin is becoming more popular in the area. Class sizes are on the larger end ranging from 35-45 students. There are 6 years of primary schooling, then 6 years of secondary schooling. After completion of the Hong Kong Diploma of Secondary Education Examination students are able to pursue higher education, in Hong Kong, there are 40 different institutions of higher learning, 20 of which are degree awarding, 8 are part of the University Grants Committee, and 12 are degree-awarding tertiary. Expatriate families are encouraged to place their children in International schools, which follow English curricula from different countries and have different application and acceptance policies.

Healthcare

Hong Kong’s healthcare rating according to Numbeo is at an index of 66.84. With high satisfaction ratings for speed, skill, equipment, accuracy, cost, and convenience the only thing they are rated low in is friendliness and wait times. Procedures such as an MRI Scan can cost $10,000 less than the same procedure conducted in America. Hong Kong’s prices are still higher than they would be in Spain or New Zealand though.

Natural Resources

Though Hong Kong is a primarily urban city it still has a wide range of natural resources and has taken measures to preserve these while also taking into account social and economic factors. Endangered species and rare or old trees are protected by the government with laws that are seriously enforced. Hong Kong’s drinking water is safe and fluoridated, however, older buildings might have pipes which are subject to rusting. Hong Kong has many minerals, rock and building stone, and sand deposits.

Crime Rates

According to Numbeo, Hong Kong has a crime index of 22.01 and a safety index of 77.99 meaning it has a very low crime rate. The property crime rate is 24.16. Overall the city is considered safe, in the past three years the crime rate has only increased moderately.

Major Industries

According to doingbusiness.org Hong Kong ranks 5th in ease of doing business and shows good potential as it ranks highly with protecting minority investors and taxes. The GDP and GNI of Hong Kong have been on a steady rise for the past few years. The Census and Statistics Department of Hong Kong reports that the major industries in Hong Kong are financial services, tourism, trading, logistics, professional services and producer services. Hong Kong has low taxation, low public debt, low port trade costs, and is considered a leader in the world’s international financial centers.

Geography and History

Investment in Hong Kong real estate would be encouraged due to the steady rate of population growth and life expectancy. With growing industries, there is a steady demand for employees and being a hub of international business Hong Kong has readily adapted to servicing expatriates. Though Hong Kong ranks on the lower end for starting a business it is considered relatively easy to register properties and deal with construction permits. According to Global Property Guide Hong Kong’s property prices continue to rise as well as the number of property transactions and completed construction projects. Housing prices rise due to high international and domestic demand for housings, a strong stock market and record lows for unemployment.

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