View Poll Results: Stay or Leave Hong Kong

Voters
217. You may not vote on this poll
  • Planning to leave in 1-2 years

    74 34.10%
  • Planning to leave in 3-5 years

    42 19.35%
  • No plan at the moment

    74 34.10%
  • HK is my Home, will stay forever

    27 12.44%
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[Poll] Stay or Leave Hong Kong

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  1. #11

    Join Date
    Oct 2010
    Posts
    23,027
    Quote Originally Posted by Mrs. Jones:
    We’re leaving next year-after 8 years in 852- with primary aged children to Singapore. So many families in my circles don’t want to have their children grow up long term here, Singapore offers a much better quality of life all across the board.
    Yeah - it's hard to know if that will still be the case in 10 years time - so much can change so quickly - but here and now on a purely objective view I think you are right. The main downside of Singapore for me is the climate, but apart from that it offers many of the upsides of Hong Kong (low taxes, safety, good public transport, great airport) without some of the worst downsides (rubbish housing, increasing mainland integration, abysmal political system).

  2. #12

    Join Date
    Oct 2007
    Posts
    1,769
    Quote Originally Posted by merchantms:
    Main downside for us is as a trailing spouse I think it's quite challenging to get a work visa in Singapore or start a business? HK is so convenient in that regard. I'd worry about becoming a stay at home parent as my job here doesn't have a Singapore office...
    It is possible though not as straightforward as HK. You get a 'Letter of Consent' which allows you to work, however, if your spouse loses his job (and thus drops from EP to Social Visit Pass) your LoC becomes invalid. One of my staff is in this situation right now. Not fun.
    TheBrit, shri, merchantms and 1 others like this.

  3. #13

    Join Date
    Feb 2009
    Posts
    7,361
    Quote Originally Posted by TheBrit:
    He could come to Japan and get loans even cheaper

    Plenty of banks offer fixed rates below 1% for 10 years, and just over 1% fixed for 30 years. If you want to load up on cheap debt, can't be many better places.
    I love Japan and would go back there in an instant for the food, fresh air, friendly people, etc. Not sure about the loans though, don't the banks turn away non-Japanese, even if you live there with an alien card and a good job? Or has the situation improved in the last 10 years since I was living there?

    Also now in HK you can get multi currency loans. Standard Chartered offer JPY loans with 1% interest rate to HK residents earning HKD income, with the flexibility to switch the currency of the loan between HKD/JPY and a bunch of other currencies anytime you want using online banking. I have parked a lot of my debt in JPY now to enjoy this low 1% rate. So I still think HK is hard to beat financially!

  4. #14

    Join Date
    Oct 2007
    Posts
    1,769
    Original Post Deleted
    You forgot the 'have just left' option. At least a number of posters seem to be in this boat.
    For me, not being constrained by kids/education etc yet, the core driver was 'jobs' - HK is just a shitty place for anything tech related. Anything tech related happens north of the border, which isn't an option for a variety of reasons. Singapore does this massively better.

    Will be back at some point though. After 10+ years, it has become home to me.
    geoheyexpat likes this.

  5. #15

    Join Date
    Oct 2010
    Posts
    23,027
    Quote Originally Posted by bdw:
    Not sure about the loans though, don't the banks turn away non-Japanese, even if you live there with an alien card and a good job? Or has the situation improved in the last 10 years since I was living there? !
    Some banks are like this, but there are plenty who are keener to lend to foreigners. Nobody I work with has had any issue getting loans, and I've been offered by my bank even though I don't want to buy another property here. (Prestia, ex-Citibank).
    bdw and edithlee like this.

  6. #16

    Join Date
    Jun 2004
    Location
    HK
    Posts
    14,593
    Quote Originally Posted by TheBrit:
    abysmal political system).
    Lol on that one.

  7. #17

    Join Date
    Dec 2002
    Location
    θ–„ζ‰Άζž—
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    42,407
    Quote Originally Posted by Mat:
    Lol on that one.
    There is an amount of truth in it though. And as a city state, certainly more multicultural than HK (politics).
    MerMer and Mrs. Jones like this.

  8. #18

    Join Date
    May 2006
    Location
    Pampanga, Philippines
    Posts
    27,024
    Original Post Deleted
    Have I been downgraded from platinum?
    bdw and huja like this.

  9. #19

    Join Date
    Jun 2004
    Location
    HK
    Posts
    14,593
    Quote Originally Posted by shri:
    There is an amount of truth in it though. And as a city state, certainly more multicultural than HK (politics).
    Mulit cultural yes. Political system is far far from great. Point is SGP does better than HK on some stuff (Pollution, housing etc) - I wouldn't have use politics as a comparison point, both are pretty bad in my view (HK and SGP).

  10. #20

    Join Date
    Nov 2005
    Location
    Cramped island
    Posts
    5,049
    Quote Originally Posted by TheBrit:
    The main downside of Singapore for me is the climate, but apart from that it offers many of the upsides of Hong Kong (low taxes, safety, good public transport, great airport) without some of the worst downsides (rubbish housing, increasing mainland integration, abysmal political system).
    Perception is one thing, but actually..
    Taxes in singapore is no longer low, you have income tax that's almost equivalent with hk, but also a 7~9% GST on consumption. Utilities like electricity/water, which we usually write off as cheap, is expensive like hell in Sg.
    Transport, if you use Uber/Grab extensively, is arguably better than hk, but trust me the MRT and Buses are really not that impressive.

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