Where do the rich hang out in Hong Kong?

Where is the rich part of Hong Kong?

“The Peak is generally regarded as Hong Kong’s most exclusive residential area, the top of the world literally (or at least the top of Hong Kong Island),” Miller explains. Prices are among the highest in Hong Kong and vary according to the size and type of property.

Are there a lot of rich people in Hong Kong?

Hong Kong had 111 billionaire residents, the second-largest such population among urban centres in the world, last year as the city added 15 more individuals with a net worth of at least US$1 billion each, according to the latest report by US-based Wealth-X.

Which area in Hong Kong is the best to stay?

TOP Places Where to Stay in Hong Kong → 6 Best Areas

  • Tsim Sha Tsui – Where to stay in Hong Kong for the first time.
  • Central – Where to stay in Hong Kong for nightlife.
  • Causeway Bay – Where to stay in Hong Kong with a family.
  • Wan Chai – Where to stay in Hong Kong on a budget.
  • Mong Kok & Yau Ma Tei.
  • Sheung Wan.
IT\'S FUNNING:  Frequent question: Do Chinese people celebrate New Years on January 1st?

Why are Hongkongers so rich?

Being an international finance centre, the city is able to generate more wealth for its residents, said Joseph Tsang, chairman of property agency JLL in Hong Kong. The equities market is apparently one of the main drivers of wealth for the affluent.

Is Kowloon a rich area?

Average price: HK$20,000 to HK$75,000 per square foot

West Kowloon is Kowloon’s most expensive and exclusive area, says KS Koh of Landscope Christie’s.

What is the most expensive neighborhood in China?

Shanghai is the world’s most expensive city because there are now a lot of very rich people living there. Shanghai has shot up this week’s Forbes billionaire rankings.

What salary is considered rich in Hong Kong?

According to the World Wealth Report, there are around 138,000 High Net Worth Individuals (HNWI) in Hong Kong. A net worth of 1 Million USD or 7.8 Million HKD is required to qualify for the HNWI distinction. As of the end of 2015, there are 7.324 million people in Hong Kong, so 1% of that would be 73,240.

Who is richest person in China?

The top spot on Hurun’s Rich List belongs to Zhong Shanshan, founder of bottled water company Nongfu Spring, who has a net worth of $60.5 billion. Zhong’s wealth skyrocketed last year when his company raised $1 billion in a Hong Kong IPO last September.

How many millionaires are there in Hong Kong?

As many as 515,000 people in Hong Kong were estimated to have HK$10 million (US$1.28 million) each in total assets last year, up from 413,000 in 2019, according to Citibank’s Hong Kong Affluent Study 2020, which was conducted between November last year and January this year.

IT\'S FUNNING:  Is Taiwan considered Greater China?

Where do expat families live in Hong Kong?

Whilst some intrepid souls love living in ‘the dark side’ of Kowloon, there are three key areas that expatriates tend to gravitate towards: the south side of the island including Stanley and Pokfulam; the Peak; and over to the New Territories, Sai Kung and Clear Water Bay. All of them have their pluses.

Where do families live in Hong Kong?

From our research, the best places to live for families suggested by forum users on Hong Kong Island are Kennedy Town and Pok Fu Lam. If you are considering The New Territories then Sai Kung, Gold Coast and Tung Chung crop up quite a lot.

Which is Better Hong Kong Island or Kowloon?

We prefer staying in Kowloon so that you afforded views of the world class Hong Kong Skyline. Better western dining on the HK Island side, better local dining, in our view, on the Kowloon side but its not that much different. Great shopping on both sides in Causeway Bay (HK Island) and Tsim Sha Tsui (Kowloon).

Which city is richest in the world?

Here are the 10 cities in the world with the most billionaires:

  • #1 | BEIJING: 100 billionaires.
  • #2 | NEW YORK CITY: 99 billionaires.
  • #3 | HONG KONG: 80 billionaires.
  • #4 | MOSCOW: 79 billionaires.
  • #5 | SHENZHEN: 68 billionaires.
  • #6 | SHANGHAI: 64 billionaires.
  • #7 | LONDON: 63 billionaires.
  • #8 | MUMBAI: 48 billionaires.

Where do the uber rich live?

New York City is no stranger to lavish apartments. None more so than the elegantly understated 740 Park Avenue, which has been home to affluent denizens Vera Wang, John D. Rockefeller, and a young Jackie O.

IT\'S FUNNING:  Question: What are the trade issues between us and China?

Is Hong Kong a rich city?

In 2021, Forbes listed Beijing with the most billionaires at 100 people, followed by New York City with 99 billionaires, and Hong Kong in third place with 80 billionaires.

Forbes.

City Country Billionaires
Beijing China 100
New York City United States 99
Hong Kong Hong Kong 80
Moscow Russia 79