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NewYork or Hong Kong

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  1. #1

    NewYork or Hong Kong

    Friends,

    I am currently in NewYork, USA however may shift to Hong Kong in coming 2 months. Basically I am from India and was given two choices to select between NY and HK. I may select HK as its close to India and few other things like taxation, transportation etc. I have gone through number of other threads but still has following questions.

    Where most of indian families are staying?
    My office would be in central, how far is it going to be?
    I have twin kids of 4 years, which ESF school would be good and cheap?
    Is 1 BHK sufficient or need 2 BHK? Does HK has any rule in this matter like US?
    Which is the best place to live, NY or HK?

    I am really confused with 60 (HK) - 40 (NY) and request you guys to help.

    Thanks,
    Vipul


  2. #2

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    Rents in HK are high and so are school fees. Apartments in HK are tiny. You will need at least 2 bedroom apartment . Rent will vary depending on how far you are from the Central. Budget at least HK$20,000/ School fees $20,000/ for 2 kids.


  3. #3

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    Agree with Oldtimer.Most Indian families live in Tung Chung. In 20-22k you can get around 1100 sq ft flat. Apart from rent and schools, HK might be cheaper than NY.

    imparanoic likes this.

  4. #4

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    Quote Originally Posted by vipulonweb:
    I may select HK as its close to India and few other things like taxation
    Hong Kong taxes property heavily, this results in people choosing to avoid tax and live in small apartments.

    There are many regions in the city that have different benefits. Choose somewhere your family would like to live.

  5. #5

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    Quote Originally Posted by vipulonweb:
    Friends,

    Where most of indian families are staying?
    My office would be in central, how far is it going to be?
    I have twin kids of 4 years, which ESF school would be good and cheap?
    Quite a few Indians living in the Olympic area. It's about a 20 minute commute to Central.
    Regarding ESF schools - there are some good ones but NO cheap ones. As others have noted, budget around 20K / month for 2 kids in ESF schools. You will need at least 20 - 25K for a reasonable family sized apartment in Olympic.

    You could have a bigger (or cheaper) place in Tung Chung but have a longer commute and it's a bit less convenient for schools.

    Either way, I hope your income is at least 70-80K / month otherwise things could be very tight.

  6. #6

    Stay in New York. HK is not a good place if you have kids. US is cheaper.

    Mrs. Jones and Open Casket like this.

  7. #7

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    New York wins hands down, especially with kids!

    Open Casket likes this.

  8. #8

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    Quote Originally Posted by Mrs. Jones:
    New York wins hands down, especially with kids!
    Depends on if you can afford to stay in decent areas...otherwise, certain hoods (Crown Heights, Bed-Stuy, Jamaica, South Bronx, etc) are shady. No real bad hoods that are comparable in HK, though.
    rickyross and imparanoic like this.

  9. #9

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    From what you're telling us, I'd pick New York City and I wouldn't look back. Cheaper rents, lower cost of living and better education opportunities. Queens has a lot of affordable neighborhoods, some of which have decent sized Indian populations such as Jackson Heights and Flushing. The public school system in NYC isn't bad either especially if your children are admitted to any of the specialized high schools.

    shri and Char Siu King like this.

  10. #10

    I highly recommend New York over HK. Keep in mind that I don't have all of the information for a proper comparison. I haven't lived in NYC, but I have visited there. I have lived in LA and visited various other US cities.

    This is why I would pick NY if I were in your shoes:


    • People are more friendly and willing to help. I find people are happier and there is a more positive atmosphere in the places I've been in the US. People pretty much look angry in Hong Kong and many don't even care if they knock you over or whack you with a bag/umbrella/watch.
    • You will probably experience extreme racism in Hong Kong, such as landlords rejecting your offer, taxi drivers refusing to let you in and people avoiding you. While studying at an international school, it is possible that some kids and their parents might not want to interact with you and your kids. This is far less likely to happen in the US.
    • The quality of air is worse in Hong Kong.
    • Rents were cheaper everywhere in the US, in terms of what you got for your money. I know that NYC is also expensive, but not nearly as much as Hong Kong.
    • My groceries were cheaper for the type and quality of food I prefer. Many people often say food is cheaper in Hong Kong, but I definitely have not found this has not been the case for me. There are also many things I just simply can't get or it wouldn't make sense to get here.
    • There is a wider variety of choice when buying things. It is also way more convenient to buy things in the US, with many efficient online stores with fast delivery options. Amazon Prime and Now are great. Customer service is also much better. Many businesses will allow you to return things simply if you didn't like them. In Hong Kong, even if something broke down, you'll find it a hard and annoying process to try to get it replaced/fixed or get a refund.
    • You might find that some things are much more expensive in Hong Kong. This probably doesn't apply to you, as you haven't mentioned pets, but almost all pet products seem to be twice the price in Hong Kong. This might be the case with other products, such as furniture. For example, IKEA is more expensive here.


    However, I before making the decision, I would definitely look into how much it costs to get a similar education at an ESF/international school in NYC. I recently noted that the US public school system seems to be much lower in quality. Over last summer, I helped a girl who just entered middle school went to a public school in an LA suburb. The school is known to be one of the best and Asian families move closer to send their kids there. Apparently, her classes consisted of simply reading their textbook in class. I suppose grade school might be different. Class activities might be more similar at public and international schools for younger students. I would also look into how easy/difficult it would be to get your kids into a school you'd be happy with in both locations.
    Last edited by dpmlicious; 24-05-2016 at 12:24 PM. Reason: Typos, formatting
    TheBrit, jgl, Mrs. Jones and 2 others like this.

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