Expat Hong Kong News

Latest 10 news items tagged Hong Kong

31 Dec at 6 PM 2018

Expats in UK living more cheaply due to Brexit

According to a new study, expatriates living and working in the UK are getting more for their money due to Brexit. London is now one of Europe’s cheapest capital cities for expats receiving their pay in euros, due to the Brexit effect on the value of the pound sterling. It’s also a bargain destination for tourists. Formerly, London’s bad reputation for being one of the costliest world capitals for relocating expats caused international corporations to calculate carefully before deciding on reassignments from outside the UK,...
18 Dec at 6 PM 2018

Malaysia still cheap for expats in spite of cost of living increases

The latest cost of living survey aimed at expats shows Malaysia is still an inexpensive country for expats in spite of its cost of living hikes. Unsurprisingly, Kuala Lumpur is Malaysia’s costliest expat hub, rising 24 places in the survey to 188 in the world city rankings, with Penang and Johor Bahru also seeing significant rises. KL is now more expensive for expatriates than Mumbai, New Delhi and Manila. In spite of the bad press as a result of the survey, KL is still one of Asia’s cheapest locations for expatriates relocating...
10 Dec at 6 PM 2018

Irish expats and tourists hit by car rental scams at Dublin airport

Irish expats coming home for Christmas are being warned over car rental insurance scams. Tourists as well as expats returning to the Emerald Isle to spend Christmas and the New Year with their families are being warned to watch out for insurance issues with rental cars. According to victims, their ‘super cover’ insurance doesn’t cover wheel rims and other minor issues, even if renters didn’t cause the damage. To date, tourists as well as expats returning rented vehicles are being forced to pay for damage they didn’t cause and...
1 Dec at 6 PM 2018

Is Hong Kong’s Discovery Bay about to be wrecked by developers?

Discovery Bay’s tranquil Hong Kong beachside suburb set on Lantau Island gives a welcome release from city life for its mostly expat community, but is now under threat by developers. Low rise properties sit in this mountainous, green island suburb of chaotic Hong Kong are favoured by expat professionals as well as locals as an escape from life in the overcrowded city. Discovery Bay’s marina has been traditionally home to a community of 200 boat-dwellers, until a recent order evicted them to allow so-called renovations to take...
20 Nov at 6 PM 2018

Is Shenzhen or Hong Kong best for expat entrepreneurs?

Shenzhen is the fastest growing city in the world, but how does it compare with neighbouring Hong Kong? Expats have flocked to Hong Kong to make their fortunes in an exotic environment for decades, but the mainland Chinese city of Shenzhen has overtaken the former British colony by concentrating on the tech boom. Nowadays, it’s known worldwide as Asia’s Silicon Valley and is breaking the accepted Chinese mould of copying - some say stealing - Western ideas by becoming a hub for innovation on a grand scale. The other, important for...
1 Nov at 6 PM 2018

UAE expats warm towards property ownership

Expats now resident in the UAE are beginning to like the idea of property ownership. A report from the online real estate portal Property Finder revealed the result of a recent survey, with 50 per cent of respondents who’d purchased homes over the previous six months now believing owning is better than renting. A further 33 per cent said now seemed to be a good time to buy. Those who’d purchased homes did so for financial reasons, as they were planning to stay in the UAE for at least three years or more and didn’t want to pay...
17 Oct at 6 PM 2018

Last South African QROPS removed from list by HMRC

The latest HMRC list has confirmed the removal of South Africa’s last QROPS. The list, published October 15, conforms the removal of the ABSA Group Pension Fund, with neither the group nor HMRC commenting on the removal to date. Normally, QROPS deletions take place for one of three reasons – either HMRC is investigating the scheme’s tax or administrative status, the last members has either transferred out or drawn down or the provider itself has closed down. South Africa has been a registered QROPS participant ever since the...
12 Oct at 6 PM 2018

HSBC survey rates Thailand lower than in 2017 rankings

A recently published HSBC survey ranks Thailand six points lower than in last year’s listings. Once one of the most popular destinations for expat retirees, Thailand has slipped still further in the results of the latest Expat Explorer survey, losing six points from last year’s results and finishing 21st out of the 31 countries whose rankings were released earlier this week. Expats rated property and general health highly, with disposable income also scoring well, but the final result was affected by low scores in a number of...
3 Oct at 6 PM 2018

Expat houseboat owners in Discovery Bay given three months notice

Enterprising expat professionals who’ve found a way to minimise their rental costs in Hong Kong are now being evicted. The marina in Hong Kong’s Discovery Bay is packed out with houseboats, many of which are owned by members of the city’s expat community. Around 180 families live on the water, saving money on Hong Kong’s sky-high rental charges and enjoying a unique way of life. Sadly, it’ll be over soon, as all have received totally unexpected eviction notices, informing them the Discovery Bay Marina Club will be closed...
14 Sep at 6 PM 2018

China opens up Chinese stock trading to expats

China is to allow expats to trade in Chinese stocks from Saturday 15th, but it seems very few are in a rush to buy. From Saturday, most expats living and working across China will be permitted to open brokerage accounts for trades in yuan-denominated A shares, but many are in wait-and-see mode, quoting China’s reputation of rushing in where only fools dare to tread. One expatriate pointed out the volatility of the market, adding there will be mistakes needing to be corrected by brokerages and regulators before he’ll take the...