Hong Kong by the Numbers: Surprising Stats About the City

Ever wonder how a tiny island can pack in so many skyscrapers and people? Hong Kong is a city of extremes. You already know it's a bustling metropolis and financial hub, but some of the numbers behind the city will blow you away. Think you have a sense of how crowded, fast-paced and vertical this city is? Think again. Hong Kong works on a scale all its own. Whether you've been before or are planning your first visit, get ready to have your perspective shifted by these mind-bending facts and stats about Asia's world city. By the end you'll see why Hong Kong deserves a category all its own. The city's dizzying density and pace of life are like nowhere else. Love it or hate it, Hong Kong will give you a thrill ride you'll never forget.

Hong Kong's Population Density: Most Crowded City on Earth?

Hong Kong is one of the most densely populated cities on the planet. With over 7 million people crammed into just 426 square miles of land, that works out to over 18,000 people per square mile!

To put that into perspective, Hong Kong's population density is over double that of New York City and over five times higher than London. This extreme density is even more astounding when you consider that much of Hong Kong's land area is made up of mountainous, uninhabitable terrain.

• Housing Challenges: Given the limited space, housing costs in Hong Kong are astronomical. Many Hong Kongers live in tiny apartments, some as small as 100 square feet. Due to lack of space, some apartments don't even have a kitchen or private bathroom.

• Public Transit Dependence: With so many people and cars competing for limited road space, Hong Kongers rely heavily on an extensive public transit system. The city has one of the most sophisticated public transit networks in the world, including subways, trams, busses, ferries, and more. Over 90% of daily trips in Hong Kong are made by public transit.

While the extreme population density certainly poses challenges, it also gives Hong Kong a vibrant, energetic feel. There's a sense that something exciting is always happening in this bustling metropolis that never sleeps. If you can handle the crowds and fast pace, Hong Kong's population density is part of what gives the city its unique charm.

How Many Skyscrapers Does Hong Kong Have? A Lot.

Hong Kong is known for its skyscrapers - and for good reason. The city has over 300 skyscrapers, with many of the tallest buildings in the world.

To start, Hong Kong has the fourth highest number of skyscrapers in the world, just behind New York City, Shanghai, and Dubai. Some of the tallest skyscrapers are the ICC Tower, Two International Finance Center, and Victoria Harbor. The ICC Tower is the eighth tallest building in the world at 1,588 feet tall with 118 stories.

How did Hong Kong end up with so many skyscrapers?

Several factors led to Hong Kong's skyscraper boom:

1. Limited land. Hong Kong is a small island with limited space, so building up is the only option. Skyscrapers maximize the use of scarce land.

2. Economic growth. Hong Kong's economy grew rapidly in the 20th century, and skyscrapers were a symbol of economic prosperity and advancement.

3. Global finance hub. As Hong Kong became a global center for trade and finance, skyscrapers housed major banks, investment firms and corporations.

4. Infrastructure. Hong Kong invested heavily in infrastructure like roads, public transit, and utilities to support high-density living and working in skyscrapers.

5. Tourist attraction. Hong Kong's skyline and skyscrapers have become major tourist attractions, giving the city an iconic futuristic look.

From economics to infrastructure to tourism, Hong Kong's skyscrapers arose out of necessity but have come to define the city's identity as a modern metropolis. No trip to Hong Kong is complete without seeing its spectacular skyline up close. The skyscrapers of Hong Kong are a must-see!

Best bars in Hong Kong

Hong Kong is a city that loves to drink, so it’s no surprise that it’s home to some of the best bars in Asia. Here are a few of the hottest spots to grab a cocktail.

Quinary

This speakeasy-style bar in Central specializes in gin-based cocktails. With over 200 types of gin to choose from, you’ll have no shortage of options. The bartenders are true mixologists who create innovative concoctions with house-made bitters and tinctures. The vibe is upscale yet relaxed. To find it, look for the “CQ” sign at the end of Pottinger Street.

The Globe

For a more lively atmosphere, head to The Globe in SoHo. This British gastropub has been a mainstay of Hong Kong’s bar scene for over 20 years. Belly up to the bar to choose from 24 beers on tap or sample a whiskey from their extensive collection. Bar snacks like fish and chips or sausage rolls will satisfy your hunger. Grab a seat on the patio to take in the buzzing street life of SoHo.

Sevva

If jaw-dropping views are what you’re after, Sevva is the place to be. This rooftop bar offers panoramic vistas of Victoria Harbor and the skyscrapers of Central. The décor is sleek and stylish, attracting Hong Kong’s glam set. While cocktails don’t come cheap, the experience of sipping a signature drink as the sun sets over Hong Kong Island is worth the splurge. For special occasions, book the rooftop lounge with private terrace.

From craft cocktails to British pubs to swanky rooftop bars, Hong Kong's nightlife scene has something for everyone. Belly up to the bar, raise your glass, and say “Cheers!” to this vibrant city.

How Much Does It Cost to Live in Hong Kong? Spoiler: It's Pricey.

Hong Kong is an incredibly expensive city. Everything from housing to transportation to a cup of coffee will cost you a pretty penny. Here are some eye-opening stats on just how pricey it is to live in Hong Kong:

The average monthly rent for a one-bedroom apartment in Hong Kong is around $2,190 USD. If you want to buy, be prepared to pay over $1.2 million USD for a median-priced condo. Buying a home in Hong Kong is the least affordable in the world.

A one-way ticket on Hong Kong’s subway system, the MTR, starts at about $1.30 USD. While public transit is very efficient, those fares add up quickly if you’re commuting daily.

Expect to pay $8-12 USD for a meal at a casual local restaurant. A steak dinner for two at a mid-range restaurant will set you back at least $100 USD. Cocktails average around $15 USD each.

Other pricey aspects of living in Hong Kong include:

•Gasoline - $8 USD per gallon. Hong Kong has some of the highest pump prices in the world.

•Clothing - Name brands are heavily marked up. Expect to pay $200-500 USD for a pair of good jeans.

•Electronics - The latest gadgets like iPhones and laptops often cost 20-30% more than in the US due to high import taxes.

•Childcare - Private preschool and kindergarten average over $15,000 USD per year. International schools are over $30,000 USD.

•Healthcare - Private insurance plans start around $500 USD per month. Doctor visits are $50-100 USD.

While the costs of living in Hong Kong can be shocking, salaries do tend to be higher to compensate. Many expats negotiate relocation packages with housing allowances, tuition benefits, and healthcare coverage. But no matter how you slice it, Hong Kong will always remain one of the most expensive cities in the world. Get ready to pay a premium for a premium lifestyle!

Doing business in Hong Kong

Doing business in Hong Kong offers some surprising opportunities. As one of the world’s leading international financial hubs, Hong Kong ranks highly in economic freedom and competitiveness. Some key points to know:

Hong Kong has a simple tax system. Personal income tax caps at around 15% and corporate tax is just 16.5%. There are no capital gains, estate, or VAT taxes. This business-friendly environment attracts many foreign companies and investors.

Infrastructure is world-class. Hong Kong has a modern transportation network, including an efficient metro system, busses, ferries, and a major international airport. Its port is also one of the busiest in the world. High-speed broadband and mobile connectivity are widely available.

The workforce is highly educated. Hong Kong has a skilled labor force with many bi-lingual English speakers. Tertiary education levels are high, focusing on business, finance, and technology.

Intellectual property is protected. Hong Kong has a strong legal system based on British common law. It is a signatory to major intellectual property treaties, strictly enforcing laws around patents, trademarks, and copyright.

The economy is highly globalized. Hong Kong is the world’s 9th largest trading economy and a gateway to mainland China. It has no foreign exchange controls, quota restrictions or barriers to investment. Free trade policies and zero tariffs on most imported goods make it easy to do business with partners worldwide.

While Hong Kong faces some challenges like high costs of living and income inequality, its strategic location, simple tax system, world-class infrastructure, educated workforce, and laissez-faire economy continue to make it an attractive hub for global trade and finance. Considering expanding your business into new markets? Hong Kong could be a great place to start.

Crypto in Hong Kong

Hong Kong has become a hub for cryptocurrency and blockchain technology in Asia. Here are some interesting stats on crypto in Hong Kong:

A Major Exchange Hub

Hong Kong is home to some of the world’s largest cryptocurrency exchanges, including Binance, OKEx, and Huobi. These exchanges allow people to buy and trade different cryptocurrencies like Bitcoin, Ethereum, and Ripple. Because of these major exchanges, Hong Kong handles a huge volume of crypto trades - over $2 trillion USD in 2021 so far!

Crypto-Friendly Policies

Hong Kong has adopted crypto-friendly policies and a “light touch” regulatory approach. Cryptocurrencies are legal in Hong Kong, and the government takes a hands-off stance. Hong Kong’s Securities and Futures Commission has issued licenses to several crypto exchanges and funds. The relaxed regulations make Hong Kong an appealing base for crypto businesses.

A Rising Crypto Industry

Hong Kong’s crypto industry is growing rapidly. Many crypto trading firms, payment companies, and blockchain startups have opened offices in Hong Kong. Major venture capital firms are investing in Hong Kong’s crypto startups. With top talent, funding, and infrastructure, Hong Kong is poised to become a global leader in crypto innovation.

Widespread Adoption

Cryptocurrency adoption is spreading in Hong Kong. According to surveys, around 10-15% of Hong Kong’s population owns or uses cryptocurrency. Bitcoin ATMs and merchants accepting crypto payments can be found throughout Hong Kong. The city even has “Bitcoin Taxis” and “Crypto Cruises” for people wanting to pay in crypto! Overall, Hong Kong's progressive, tech-savvy population is embracing cryptocurrencies at an incredible rate.

Crypto in Hong Kong is thriving, from trading volume and industry growth to mainstream acceptance. With its status as a global financial hub and gateway to China, Hong Kong is uniquely positioned to dominate cryptocurrency in Asia and beyond. The future is bright for crypto in Hong Kong!

Conclusion

And there you have it - Hong Kong by the numbers. After reading all those fascinating facts and figures, you're probably itching to experience this vibrant city for yourself. From the dizzying skyscrapers and neon lights of Central to the peaceful beaches and hiking trails, Hong Kong has something for everyone. Whether you're a foodie, culture vulture or thrill seeker, Hong Kong will captivate you with its East-meets-West charm and natural beauty. So what are you waiting for? Start planning your Hong Kong adventure today. The numbers don't lie - this is one city you simply have to see to believe.