Nomad Score: 66%

Essentials

๐Ÿ™๏ธ City Sheung Wan is a vibrant area known for its mix of old and new, located on the western side of Hong Kong Island.
๐Ÿ‘ฅ Population Approximately 60,000 residents.
๐Ÿ’ป Internet Speed Average download speed of about 300 Mbps.
๐Ÿ’ธ Currency & Banking 1 HKD โ‰ˆ 0.13 USD; major banks include HSBC, Bank of China, and Standard Chartered.
๐Ÿšฐ Tap Water Drinkable but usually advised to boil before consumption.
๐Ÿ”Œ Power 220V, 50Hz, ๐Ÿ”Œ Type G sockets.
๐Ÿ“ถ SIM Card Providers include China Mobile, HK Telecom, and 3HK; prepaid options available.
๐Ÿ’ณ Banking for Expats HSBC and local banks offer services, while Wise and Revolut are popular among expats.
๐Ÿ›Œ Accommodation Options vary from hostels to serviced apartments; Airbnb is popular here.
๐Ÿ’ณ Cashless Friendly Yes, widely accepts cards and mobile payments like Alipay and WeChat Pay.
๐Ÿ  Short Term Rentals Platforms such as Airbnb, Roomgo, and local property sites offer short-term rentals.
๐Ÿ›๏ธ Budget Accommodation Sleepy Panda Hostel and The Mahjong are affordable options.

Working and Networking

๐Ÿข Best Coworking Space The Hive Sheung Wan offers a lively coworking environment.
โ˜• Best Cafe for Work The Coffee Academics is popular for its great coffee and ambiance.
๐Ÿ’ผ Networking Events Events hosted by The Hive and WeWork frequently engage the expat community.
๐Ÿฅ‚ Social Events for Expats Facebook groups like 'Expats in Hong Kong' regularly organize meetups.

Transportation

๐Ÿš• Best Taxi/Ride App Uber operates widely, as well as local apps like HKTaxi.
๐Ÿšฒ Bike/Scooter Rental Bike sharing through platforms like Gobee.bike is available.
๐Ÿ–๏ธ Best Beach Nearby Repulse Bay Beach, about 30 minutes by taxi.
โœˆ๏ธ Top Regional Airline Cathay Pacific is the primary regional carrier.
โœˆ๏ธ Top International Airline Cathay Pacific and HK Express are major international carriers.
๐Ÿ›ฃ๏ธ Highway Access Easy access to major highways including the Western Harbour Tunnel.
๐Ÿš‰ Main Train/Transit Hub Sheung Wan MTR Station is the main transit hub.
๐Ÿš Public Transport Passes Octopus card provides cashless transit access.
โœˆ๏ธ Regional Travel Frequent ferries to Macau and outlying islands from Central Ferry Pier.

Health and Wellness

๐Ÿฅ Best Hospital Queen Mary Hospital is the leading healthcare facility.
๐Ÿง˜ Yoga & Wellness Centers Pure Yoga offers several classes in Sheung Wan.
๐Ÿ‹๏ธ Gyms & Fitness Centers Fitness First and Anytime Fitness are popular gyms.
๐Ÿงบ Laundry Services Laundromats like Laundry Gal offer convenient cleaning services.

Food and Drink

๐Ÿ“ฑ Best Food Delivery App Deliveroo and Foodpanda are widely used for food delivery.
๐Ÿฝ๏ธ Best Local Dish to Try Dim Sum at Maximโ€™s Palace is highly recommended.
๐Ÿฑ Vegan/Vegetarian Options Vegan Delight and Mana! Fast Slow Food are popular choices.
๐Ÿซ Best Dessert Spots Fruity Dessert has a great range of local sweets.
๐Ÿ›’ Affordable Shopping Spots The Street Market on Des Voeux Road offers budget shopping.
๐Ÿ›’ E-commerce/Online Store HKTVmall is a popular online marketplace.
๐Ÿ›’ Grocery Delivery Deliveroo and Foodpanda also provide grocery delivery services.
๐Ÿธ Bar/Nightlife Area Lan Kwai Fong is the main nightlife district, close to Sheung Wan.
๐Ÿป Local Brewery Hong Kong Beer Company boasts local craft beer.
๐Ÿท Wine Bars The Wine Guild offers a good selection of international wines.
๐Ÿฒ Street Food Stalls The Sheung Wan area has various local street food options.
๐Ÿ• Popular International Cuisine Try PizzaExpress for good Italian fare.

Culture and Attractions

๐ŸŽŸ๏ธ Must-See Landmarks Man Mo Temple and Western Market are must-see attractions.
๐Ÿ›๏ธ Museums & Art Venues Hong Kong Museum of Medical Sciences is a unique cultural site.
๐Ÿฐ Historical Sites The old police station and area around Hollywood Road are rich in history.
๐Ÿ• Religious Sites The historic Man Mo Temple is a popular site for worship.
๐ŸŽ‰ Annual Events The Mid-Autumn Festival in September features local customs and celebrations.
๐ŸŽจ Cultural Districts Sheung Wan's art galleries and antique shops make up a vibrant cultural district.
๐ŸŽญ Theater Venues The Hong Kong Arts Festival events often take place in nearby venues.
๐Ÿ›๏ธ Local Markets The Cat Street Market is famous for antiques and street art.
๐ŸŽผ Music Scene Live Music Halls often host local bands in bars around the area.
๐ŸŽจ Street Art Have a walk around the nearby streets to see street art murals.
๐Ÿง‘โ€๐Ÿณ Cooking Classes Cooking classes are available at the Hong Kong Cooking Academy.
๐Ÿ‘ฉโ€๐ŸŽจ Art Galleries Gallery 27 often showcases local artists.
๐Ÿ•ฐ๏ธ Historic Buildings The old fire station is a notable historical building.
๐Ÿด Local Heritage The unique mix of Eastern and Western architecture symbolizes Sheung Wan's heritage.

Nature and Outdoor Activities

๐ŸŒ… Nearby Nature Escapes Nearby Victoria Peak offers stunning views and hiking trails.
๐Ÿž๏ธ National Parks Nearby Sai Kung National Park is about an hour's drive away.
๐Ÿšฒ Cycling/Walking Paths The promenades along the waterfront are great for walks.
๐ŸŒ„ Scenic Viewpoints Sky100 offers panoramic views of the city.
๐Ÿฆ‰ Birdwatching Locations Mai Po Nature Reserve is a renowned site for birdwatching.
๐Ÿ”ฅ Bonfire-Friendly Spots Designated areas at Sai Kung are available for bonfire activities.

Other Services and Amenities

๐Ÿ“ฆ Parcel Delivery Service DHL and UPS provide reliable parcel delivery services.
๐Ÿ› ๏ธ Tech Repair Services Repair shops like iRepair offer solutions for tech issues.
๐Ÿ“ Table Tennis Spots Community centers often have table tennis tables available.
๐Ÿง‘โ€๐Ÿซ Language Classes HK Language Centre offers various language courses.
๐Ÿ“š Libraries & Study Spots The Central Library is a great place for studying.
๐Ÿ˜๏ธ Community Centers Sheung Wan Community Centre hosts various local events.
๐Ÿ•น๏ธ Gaming Lounges Online gaming cafรฉs can be found nearby.
๐ŸŽฐ Casino & Gaming Halls The Venetian Macao, though further away, is notable for gaming.

Business

๐Ÿข Studio Purchase Price (City Center) Approx. HKD 20,000 per mยฒ (e.g., 30 mยฒ = HKD 600,000)
๐Ÿข Studio Purchase Price (Outside City) Approx. HKD 15,000 per mยฒ (e.g., 30 mยฒ = HKD 450,000)
๐Ÿ  1-Bedroom Purchase Price (City Center) Approx. HKD 25,000 per mยฒ (e.g., 60 mยฒ = HKD 1,500,000)
๐Ÿ  1-Bedroom Purchase Price (Outside City) Approx. HKD 20,000 per mยฒ (e.g., 60 mยฒ = HKD 1,200,000)
๐Ÿก 2-Bedroom Purchase Price (City Center) Approx. HKD 23,000 per mยฒ (e.g., 80 mยฒ = HKD 1,840,000)
๐Ÿก 2-Bedroom Purchase Price (Outside City) Approx. HKD 18,000 per mยฒ (e.g., 80 mยฒ = HKD 1,440,000)
๐Ÿ’ผ Corporate Tax 16.5%
๐Ÿ’ต Dividend Withholding Tax No withholding tax on dividends.
๐Ÿฆ Tax System Territorial basis; only income sourced within Hong Kong is taxed.
๐Ÿ“ˆ Highest Income Tax Bracket The maximum rate is 17%.
๐Ÿงพ VAT No VAT; Hong Kong is a tax-free port.
๐ŸŒ Controlled Foreign Company (CFC) Rules No CFC rules exist.
๐Ÿ  Property Tax Annual property tax is levied on rental income at 15%.
๐Ÿ  Property Transaction Tax Stamp Duty ranges from 1.5% to 4.25% based on property value.