Singapore vs. Hong Kong: Which Is More Expensive?
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I lived in HK and SG for about 10 year each. So I guess I can offer some views.
Comparing the two cities:
Good point for HK: more liberal, 4 seasons, more choices
Good point for SG: much bigger living space
For people to compare prices, now house hold items in HK are cheaper than SG, mainly due to appreciation of SGD. But HK property is still much more expensive than SG. I bought a condo there end of last year. It is a 10 year old condo at Tung Chung (kind of Pasir Ris equiv). 700 sqf costs HKD 2.8M. Mind you, there is no FH property in HK. This one land lease is only 50 years.
People talk about education problem. It makes me recall a story. I was tutor of a girl many years ago in HK. Initially, I taught maths. One day, the girl looked very nervous. I asked her and she said she had Chemistry exam very soon but she was very weak on it. So I flipped her book and used my remaining Chemistry knowledge to give her some tips. She became top 5 in that exam. After that, I became her tutor on Maths, Physics, Chemistry, and almost everything.
I taught her about 2 years and she went to US for JC. Half year later, she came back HK for holiday. Her mother called me saying she insisted me to go for a few tuition sessions. Since someone was willing to pay me talking, I went there.
I asked her what she was studying in US. Then she said they studied periodic table in Chemistry class. The assignment given was: pick an element and find a way to promote that element. I stunned there.
My point is that the trainings we get in school are very different. I don't want to bring up the argument whether FT here are really good. But apparently more Ang Moh sitting at higher positions. You probably will agree they have better presentation skills in general. That is related to the trainings they have. So, our schools are not really focused on skills that will have bigger impact on future working life. -
1 SG$ is equal to 6.46 HK$ at the moment.
So the HK$2.8 condo is about S$433K. This is not too expensive compare to Singapore. A 20+ years old condo (99 years lease), for example, at CCK, about 800 sqft, can cost more than S$700K. Singapore property price has really catched up with HK’s. -
WeiHan:
the exchange rate a year ago is 5.7, so HK$2.8m = S$491k.1 SG$ is equal to 6.46 HK$ at the moment.
So the HK$2.8 condo is about S$433K. This is not too expensive compare to Singapore. A 20+ years old condo (99 years lease), for example, at CCK, about 800 sqft, can cost more than S$700K. Singapore property price has really catched up with HK's.
HK ppty size is gross, around 20% is public area, so net area is 560 sq ft
therefore = S$877 psf for the remaining 40 years lease, = S$22 psf/year
assuming the CCK condo has 75 years remaining lease : S$700k/800sq ft/75 years = S$11.7 psf/year
so, roughly speaking, HK property prices is about 2x that of SG, not bad considering it was like 3x some years ago
just my way of looking at it. nobody needs to agree with me -
Is probably less than 2X now. Exchange rate in December was 1 to 5.9. That CCK condo is selling at around 750k now.
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WeiHan:
Is probably less than 2X now. Exchange rate in December was 1 to 5.9. That CCK condo is selling at around 750k now.
Property is after all an investment. Cost of living excl property (I regard these as expenses) in Singapore is abnormally :slapshead:
What has our strong S$ done to our surging consumer price index? Defying gravity?? For a country relying heavily on imported goods? :stupid: -
30plus:
It's true that angmos have better presentation skills. As you say it's part of their training. Although in my course of work I've come across angmos who talk a lot, are rather convincing, but if you listen to them carefully they're not saying that much nor making much sense. Our kids these days are exposed to a lot more presentation skills, even at the primary school level. Hopefully this will stand them in good stead when they're up against the more vocal angmos in the job market.
I asked her what she was studying in US. Then she said they studied periodic table in Chemistry class. The assignment given was: pick an element and find a way to promote that element. I stunned there.
My point is that the trainings we get in school are very different. I don't want to bring up the argument whether FT here are really good. But apparently more Ang Moh sitting at higher positions. You probably will agree they have better presentation skills in general. That is related to the trainings they have. So, our schools are not really focused on skills that will have bigger impact on future working life. -
jtoh:
It's true that angmos have better presentation skills. As you say it's part of their training. Although in my course of work I've come across angmos who talk a lot, are rather convincing, but if you listen to them carefully they're not saying that much nor making much sense. Our kids these days are exposed to a lot more presentation skills, even at the primary school level. Hopefully this will stand them in good stead when they're up against the more vocal angmos in the job market.
Heh! I do agree sometimes. There are silly Caucasians just as there are silly Singaporeans. It's easier to tell silly Caucasian from silly Singaporean though because Singaporeans keep quiet and so you can't assess. -
Chenonceau:
:rotflmao: :rotflmao: Oh that's so true. Reminds me of a Chinese saying, \"If you don't open your mouth, no one will know you're stupid.\" :rotflmao: :rotflmao:jtoh:
It's true that angmos have better presentation skills. As you say it's part of their training. Although in my course of work I've come across angmos who talk a lot, are rather convincing, but if you listen to them carefully they're not saying that much nor making much sense. Our kids these days are exposed to a lot more presentation skills, even at the primary school level. Hopefully this will stand them in good stead when they're up against the more vocal angmos in the job market.
Heh! I do agree sometimes. There are silly Caucasians just as there are silly Singaporeans. It's easier to tell silly Caucasian from silly Singaporean though because Singaporeans keep quiet and so you can't assess. -
jtoh:
:rotflmao: :rotflmao: Oh that's so true. Reminds me of a Chinese saying, \"If you don't open your mouth, no one will know you're stupid.\" :rotflmao: :rotflmao:[/quote] :hi5: Yup Yup!!Chenonceau:
[quote=\"jtoh\"]It's true that angmos have better presentation skills. As you say it's part of their training. Although in my course of work I've come across angmos who talk a lot, are rather convincing, but if you listen to them carefully they're not saying that much nor making much sense. Our kids these days are exposed to a lot more presentation skills, even at the primary school level. Hopefully this will stand them in good stead when they're up against the more vocal angmos in the job market.
Heh! I do agree sometimes. There are silly Caucasians just as there are silly Singaporeans. It's easier to tell silly Caucasian from silly Singaporean though because Singaporeans keep quiet and so you can't assess.
:stompfeet:
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RRMummy:
:hi5: Yup Yup!!
:rotflmao: :rotflmao: Oh that's so true. Reminds me of a Chinese saying, \"If you don't open your mouth, no one will know you're stupid.\" :rotflmao: :rotflmao:jtoh:
[quote=\"Chenonceau\"]
Heh! I do agree sometimes. There are silly Caucasians just as there are silly Singaporeans. It's easier to tell silly Caucasian from silly Singaporean though because Singaporeans keep quiet and so you can't assess. :stompfeet:
[/quote] :oops: :oops:
Now I know why I hardly like to comment on serious stuff.....just lurking around reading others and adding all the :goodpost:
:rotflmao: :rotflmao: :rotflmao:
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