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Moving to Central, Hong Kong | Digital Nomad Exchange
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Moving to Central, Hong Kong

By Joshua Wood, LPC

Last updated on Aug 01, 2024

Summary: Moving to Central, Hong Kong: Expats, retirees and digital nomads talk about everything you need to know before moving to Central.

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What do I need to know before moving to Central?

When we asked people what advice they would give someone preparing to move to Central, they said:

"Central is a bustling, cosmopolitan area that is the financial hub of the city. It is known for its high cost of living, particularly when it comes to housing. Apartments are typically small and expensive, but they are often located in close proximity to amenities and public transportation. The official languages are Cantonese and English, with Cantonese being the most widely spoken. However, English is commonly used in business and by the expat community. Hong Kong has a subtropical climate, with hot, humid summers and cool, dry winters. Typhoon season runs from May to November, which can cause disruptions to daily life. Public transportation in Central is efficient and widely used. The area is served by the MTR (Mass Transit Railway), buses, trams, and ferries. Taxis are also readily available and relatively affordable. Hong Kong has a high standard of healthcare, with a mix of public and private hospitals. However, private healthcare can be expensive, so it's recommended to have comprehensive health insurance. The food in Hong Kong is a blend of Cantonese, Western, Japanese, and Southeast Asian influences. Central, in particular, has a wide range of dining options, from street food stalls to high-end restaurants. Hong Kong is known for its fast-paced lifestyle and long working hours. However, it also offers a wide range of leisure activities, from hiking and beach trips to shopping and dining out. The education system in Hong Kong is highly competitive. There are a number of international schools, but demand is high and spaces are often limited. Hong Kong is generally safe, with low crime rates. However, it's still important to take basic safety precautions, particularly in crowded areas. The city has a complex political climate. The relationship between Hong Kong and mainland China can be a sensitive topic, and it's important to be respectful of differing viewpoints. Finally, while Hong Kong is densely populated, it also has plenty of parks and green spaces. The city is surrounded by mountains and coastline, offering plenty of opportunities for outdoor activities," replied a member in Central.

How do I find a place to live in Central?

We asked expats how they chose their neighborhood and found a place to live. They answered:

"Finding a place to live in Central involves several steps. First, you need to determine your budget. The cost of living in Hong Kong is high, and the rental prices in Central, being a prime location, are particularly steep. Next, decide on the type of accommodation you want. You can choose from serviced apartments, regular apartments, or shared flats. Serviced apartments are fully furnished and include services like cleaning and maintenance. Regular apartments are usually unfurnished and you'll be responsible for your own utilities and maintenance. Shared flats are a more affordable option where you share the apartment and the rent with others. Once you've decided on your budget and the type of accommodation, start your search. You can use online property portals like Squarefoot, 28Hse, and Spacious. These websites allow you to filter your search based on location, price, size, and type of property. Another option is to hire a real estate agent. They can help you find properties that match your criteria, arrange viewings, and negotiate the lease terms with the landlord. However, keep in mind that you'll have to pay a commission, usually equivalent to half a month's rent. When you find a property you like, inspect it thoroughly. Check for any signs of damage or issues that might need repair. Also, consider the property's proximity to public transportation, shops, restaurants, and other amenities. Once you're satisfied with the property, you'll need to negotiate the lease terms with the landlord. This includes the rent, the length of the lease, the deposit, and any other conditions. Make sure to read the lease agreement carefully before signing it. Finally, once the lease is signed, you'll need to pay the first month's rent and the deposit. The deposit is usually equivalent to two months' rent. After that, you can move into your new home in Central, Hong Kong," said one expat in Central.

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What is a typical expat home or apartment like in Central?

"A typical expat home or apartment in Central is usually a high-rise apartment due to the city's dense population and limited space. These apartments are often modern and well-equipped with amenities such as air conditioning, high-speed internet, and modern kitchen appliances. The living space might be smaller compared to Western standards, but it is usually well-designed to maximize space efficiency. The apartments often feature large windows, offering stunning views of the city's skyline. They are usually located in secure buildings with 24-hour security and concierge services. Some buildings even offer shared amenities like a gym, swimming pool, or rooftop terrace. The interior design tends to be contemporary, with a mix of Eastern and Western influences. The living room is typically the largest area, often combined with an open-plan kitchen. Bedrooms are usually smaller, but they often come with built-in wardrobes to save space. Despite the compact size, these apartments are often located in prime locations, close to public transportation, shopping centers, restaurants, and international schools. This makes them highly convenient for expats who are new to the city. However, it's worth noting that the cost of living in Central, Hong Kong is quite high. Rent for these apartments can be expensive, and utilities such as electricity and water are also typically higher than in other cities. Despite this, many expats choose to live in Central for its vibrant lifestyle, convenience, and the opportunity to be at the heart of one of the world's most dynamic cities," remarked one expat in Central, Hong Kong.

What is the average cost of housing in Central?

If you are thinking about moving to Central, cost of living in probably a key consideration. Expats commented about the cost of housing:

"The average cost of housing in Central is among the highest in the world. Prices can vary greatly depending on the size and location of the property. For a small apartment in the city center, you could expect to pay a significant amount. Larger, luxury apartments and houses can cost considerably more. It's also worth noting that the cost of living in Hong Kong is generally high, with groceries and utilities also being more expensive than in many other cities," said one expat who made the move to Central.

Should I buy or rent a home in Central?

If you have not spent a lot of time in Central, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:

"The decision to buy or rent a home in Central depends on several factors. If you plan to stay in Hong Kong for a long period, buying a home could be a good investment. Owning a property in Central, one of the most prestigious locations in Hong Kong, can offer significant financial benefits in the long run. It provides stability and the freedom to make changes to your home as you see fit. However, the property prices in Central are among the highest in Hong Kong, and the world. Therefore, the initial financial outlay can be substantial. You would need to consider your financial situation carefully. On the other hand, renting a home in Central offers more flexibility. It's a good option if you're not sure about your long-term plans or if you prefer not to tie up your money in real estate. Renting can also be more affordable in the short term, as you won't need to pay for maintenance costs or property taxes. However, the downside of renting is that you won't build equity, and rental prices in Central can be high. You may also have to deal with rent increases and the possibility of having to move if the landlord decides to sell the property. In conclusion, the decision to buy or rent a home in Central, Hong Kong depends on your financial situation, long-term plans, and personal preferences. It's important to weigh the pros and cons of each option before making a decision," said one expat who made the move to Central.

What cultural faux pas should I try to avoid making in Central?

We asked people in Central if they could share any humorous cultural blunders they commited. For new expats, keep in mind that these incidents are an inevitable part of expat life. Learning to laugh about them is the key!:

"In Central, it is considered rude to point with your index finger, instead use your whole hand. Avoid touching someone's head as it is seen as disrespectful, since the head is considered sacred. Do not give clocks as gifts because the phrase "giving a clock" sounds like "attending a funeral" in Cantonese. Avoid discussing politics, especially issues related to Hong Kong's relationship with China, as it can be a sensitive topic. When dining, never stick your chopsticks upright in your rice bowl as it resembles the incense sticks used in ancestor worship and is considered bad luck. Also, if you're invited to someone's home, it's customary to bring a gift, but avoid giving anything in sets of four as the number four is associated with death. In business meetings, always accept and give business cards with both hands, and take a moment to read the card before putting it away, as it shows respect. Lastly, personal space is highly valued in Hong Kong, so avoid unnecessary physical contact, especially in public places," said one expat in Central.

About the Author

Joshua Wood Joshua Wood, LPC is one of the Founders of Digital Nomad Exchange and serves as Co-President of Expat Exchange. Prior to Expat Exchange and Digital Nomad Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.

Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.

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SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
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SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
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Help others in Hong Kong by answering questions about the challenges and adventures of living in Hong Kong.

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