Expat Hong Kong News
Latest 10 news items tagged Hong Kong
27 Oct at 6 PM 2016
Life in China is now getting tougher for expats, with new visa rules, the rising cost of living and creeping prejudice against foreign workers.
For the last decade or so, China has been seen as the perfect location for adventurous expats looking to live and work in an exotic environment. This golden era now looks to be ending, with the country crashing in the HSBC expat survey from third best of 34 countries to a miserable 34th out of 45.
The recently-released InterNations survey noted a similar pattern, with China’s 2014...
26 Oct at 6 PM 2016
Several recent global expat surveys have noted Taiwan is being rated highly for its provision of the good life in tranquil, verdant surroundings.
The island of Taiwan is a relative newcomer to the expat world, having formerly been a well-kept secret, but its prominence in two annual expat surveys has catapulted it into being referred to as the best place in the world for expats. Quintessentially Asian, but on a smaller scale than most other destinations, it’s no surprise that it’s being praised to the skies by resident foreigners....
30 Sep at 6 PM 2016
Downturns in Hong Kong
’s financial sector have resulted in cheaper apartments in many locations popular with expats.
Falling rents in a number of favourite expat neighbourhoods are being seen as signs of the continuing downturn in the island’s financial sector as well as an indication that expats are moving on. For decades, residential rents have risen as Hong Kong
continued to expand its financial trade, but nowadays the pendulum is swinging in the opposite direction.
Ten formerly popular and pricey sectors of the city are now...
29 Sep at 6 PM 2016
A victims’ group attempting to get redress for the LM Investment Management Ponzi scheme collapse is investigating the feasibility of legal action in the UK and other jurisdictions.
The LMIM scandal is perhaps this century’s most damaging example of investor fraud and is believed to have cost the 12,000 investors involved some A$750 million in losses. The investments were heavily pushed by mostly illegally working financial advisors in expat destinations including Hong Kong
, Thailand and other Asian countries.
15 Sep at 6 PM 2016
Expats in Hong Kong
have found the way to bag a bargain rental apartment is to find one where someone has recently died.
Many traditionally superstitious Chinese strongly believe that when a death occurs in a private home, the result is bad Feng Shui or –to put it in a Western context – the home will be haunted by the spirit of the deceased, making it difficult to rent out or sell. Savvy expats on the island are taking advantage of this belief to land a bargain unit at a low rent.
One Chinese listing site tracks deaths from...
15 Sep at 6 PM 2016
One British couple were so incensed by the Leave victory in the Brexit referendum they immediately sold up, left the UK and are now permanently settled in Malta.
Like many millions in the UK, Nigel Lippard and his Hong Kong
-born wife Linda didn’t believe the Leave campaign had even half a chance of winning the June 23 Brexit referendum. However, as the date approached and polls saw the gap between Remain and Leave narrowing, they became increasingly concerned.
Having woken up to their worst nightmare on June 24, the couple...
24 Aug at 6 PM 2016
As the UK’s Financial Conduct Agency continues to warn retirees of pension transfer frauds, recently uncovered data reveals the worst world-wide locations for expat financial scams.
The data shows UK retiree pension savers are now at even more risk of being scammed out of their savings by unscrupulous, often illegally working financial advised lurking in favourite expat destinations. Global scams are now big business for fraudsters, egged on by pension liberation and even by Brexit’s predicted financial uncertainties.
23 Aug at 6 PM 2016
Insurers offering private healthcare policies are sitting pretty as regards revenue, whilst expats living overseas are struggling to find funds for the swingeing annual increases imposed.
As with just about everything else in the 21st century, the cost of private healthcare has more to do with profits than with service. Providing a safety net for unexpected illnesses or accidents is especially important for expats, many of whom are retired and don’t have a relocation package covering the ever-rising costs of private heathcare....
17 Aug at 6 PM 2016
Immigration Department figures suggest the numbers of British, American and Australian expats has fallen considerably since the beginning of 2015.
During the last six months, the total number of British expats living and working in Hong Kong
has fallen by just over 10 per cent, together with eight per cent of US expats and five per cent of Australians packing up and moving on. The majority aren’t heading back to their home countries, but are relocating to North America, Africa and Singapore.
In addition, numbers of...
15 Aug at 6 PM 2016
is still an expat professional favourite but, as relocation packages and salaries shrink, new arrivals are choosing to live in less expensive districts.
The trend away from former traditionally popular locations such as the Peak and Mid-Levels began after the 2011 financial crisis and is now a full-blown movement. Newly popular areas include Chai Wan, Austin, Olympic, North Point and Sai Wan Ho, with the more adventurous even venturing into New Territories East.
A recent survey revealed Hong Kong
is still the world’s...