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Expat Hong Kong News
Latest 10 news items tagged Hong Kong
24 May at 6 PM 2013
Expat housing cost rising fast in popular destinations
Executives are on the move across the world, forcing prices of luxury expat rental accommodation even higher in destinations such as Beijing, New York and the UAE. The continued weakness of European economies is forcing companies to look to other continents for their ongoing business, with new sectors expanding into emerging markets. Shanghai’s burgeoning automobile industry, the accounting and legal sector in Hong Kong and the financial sectors in the UAE and other Middle Eastern hubs are attracting executive-level workers looking...
20 May at 6 PM 2013
Poll shows Brit expats more comfortable about personal finance
A recent poll showed an increase in the number of British expats living overseas who feel positive about their current financial situations. The survey, undertaken by financial advisory organisation deVere Group, showed that 54 percent of those who took part feel more confident about their current financial status. Those feeling less confident represented 19 per cent, and the inevitable ‘don’t knows’ came out at 27 per cent. Participants in the poll were drawn from the firm’s existing and potential clients in Switzerland,...
16 May at 6 PM 2013
World survey shows map of least and most racially tolerant countries
The World Value Survey’s map of every world country’s level of racial tolerance was used by Swedish researchers to determine the relationship between racism and economic freedom. The report by Swedish economists was prompted by one of many questions asked in the original survey of respondents in 80 world countries. The question was simple, with people asked to identify the types of people they’d dislike as neighbours. One check-listed answer was people of another race’, which led the economists to reason that countries in...
14 May at 6 PM 2013
Hong Kong expat parents turning to local schools
A growing number of expat parents working in Hong Kong are turning their backs on increasingly expensive international schools in favour of Chinese-medium local primaries. International and private schools in Hong Kong are no longer expat families’ first choice for their toddlers and young children, due not only to the soaring fees but also for the quality education on offer in the public sector. Yearly fees for top schools range from less expansive private schools at around HK$79,500 to Harrow International School’s HK$136,500,...
30 Apr at 6 PM 2013
Reports of violence in India turn away potential expat workers
Recent reports of violence and rape in India have damaged the country’s attraction as an expat workplace, with many now heading for Middle East and Asian destinations. The results from a survey of over 2,000 expat professionals keen to work in India are disturbing, with 72 per cent of those surveyed now setting their sights on the Philippines, Hong Kong, Singapore and several Middle Eastern countries. Only 38 per cent are still willing to accept work in India. In 2012, India saw a rise in the hiring of expat professionals of 18...
19 Apr at 6 PM 2013
Expat families enjoy growing number of Asian theme parks
Asia’s burgeoning theme parks craze is helping expat families by providing an ever wider choice of entertainment for kids of all ages. The number of theme parks scattered across Asian expat destinations has been growing exponentially due to the booming economies of the region. Families based in Asia are taking full advantage of the craze as it avoids expensive trips to Orlando to keep the children happy. Hong Kong’s Disneyland and its famous Ocean Park have been established for several years now, with the former just edging...
5 Feb at 6 PM 2013
Singapore plans for population growth include more expats
The government of the crowded conurbation of Singapore is aiming to increase its population by 30 per cent over the next 17 years, with the bulk of the increase expected to be expats. The city state is already home to a high percentage of arrivals from overseas, with expats making up 38 per cent of its population. Tensions are already surfacing amongst residents in the various districts, many of whom are claiming that immigrants are taking jobs away and causing property price rises. Government plans for the increase state that, by...
5 Feb at 4 PM 2013
Asian casinos welcome expat gamblers with open arms
In spite of the rising trend towards increased anti-foreigner legislation across Asia, one business sector on the continent is making it easier than ever for expat gamblers. Asia’s many casinos welcome expats with open arms, although in many Asian countries gambling by nationals is illegal. A boom is expected as more Westerners flock to Asia to escape the effects of five years of financial uncertainty and austerity in their home countries. Recent curbs on the freedom of expats have been mostly concentrated on real estate...
4 Feb at 6 PM 2013
Expats follow firms away from overpriced central Hong Kong
Expats living and renting in Hong Kong are expected to follow businesses deserting the expensive central district for more economical suburban office rentals and accommodation. The move by foreign and locally-owned businesses away from the high-rental value central district has accelerated over the past year as corporations continue to feel the heat of the global recession combined with China’s economic slowdown. Results of the latest survey of world office location prices relegated Hong Kong to a lower rank under London, due to the...
15 Jan at 6 PM 2013
