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Sheung Wan, Hong Kong 🇭🇰
#1741 ,

Nomad Score: 63%

Essentials

🏙️ City Sheung Wan is a vibrant district located on the western side of Hong Kong Island known for its mix of traditional and modern culture.
👥 Population Approximately 100,000 residents.
💻 Internet Speed Average internet speed is around 50 Mbps, with many cafes and coworking spaces offering high-speed Wi-Fi.
💸 Currency & Banking 1 HKD ≈ 0.13 USD. Major banks include HSBC, Standard Chartered, Hang Seng Bank.
🚰 Tap Water Drinkable, though many prefer bottled water.
🔌 Power 230V, 50Hz, 🔌 Type G sockets.
📶 SIM Card Major providers include China Mobile, CSL, and 3HK with LTE coverage.
💳 Banking for Expats Common payment methods include Alipay, WeChat Pay, and international cards like Visa and Mastercard.
🛌 Accommodation Options include Airbnb, serviced apartments, and local rentals ranging from HKD 8,000 to HKD 20,000 per month.
💳 Cashless Friendly Yes, cashless payments are widely accepted.
🏠 Short Term Rentals Airbnb and local real estate platforms offer various short-term options.
🛏️ Budget Accommodation Hostels like YHA (Youth Hostels Association) offer dormitory beds starting from HKD 150 per night.
🏙️ Best Area to Stay for Tourists Sheung Wan itself, as it's close to attractions like Man Mo Temple and Hong Kong Macau Ferry Terminal.
🏙️ Best Area to Stay for Digital Nomads SoHo or Sheung Wan offers great access to coworking spaces and cafes.

Working and Networking

🏢 Best Coworking Space The Hive - a well-known coworking space with a lively atmosphere and community events.
☕ Best Cafe for Work The Coffee Academics - offers strong Wi-Fi and a comfortable atmosphere for remote work.
💼 Networking Events Regular meetups are hosted by groups such as Startup Grind and Meetup.com in coworking spaces.
🥂 Social Events for Expats Facebook groups like 'Expats in Hong Kong' and networking events through platforms like Internations.

Transportation

🚕 Best Taxi/Ride App Uber operates in Sheung Wan, along with local taxis.
🚲 Bike/Scooter Rental Services like Gobee.bike offer bike rentals throughout the city.
🏖️ Best Beach Nearby Repulse Bay is about a 30-minute drive; renowned for its beautiful beach.
✈️ Top Regional Airline Cathay Pacific, the largest airline based in Hong Kong.
✈️ Top International Airline Cathay Pacific, Emirates, and Qatar Airways.
🛣️ Highway Access Easy access to the Island Eastern Corridor leading to other parts of Hong Kong.
🚉 Main Train/Transit Hub Sheung Wan MTR Station connects to various parts of Hong Kong.
🚍 Public Transport Passes The Octopus Card can be used for easy access to all forms of public transport.
✈️ Regional Travel Trains and ferries provide easy access to Lantau Island and Macau.

Health and Wellness

🏥 Best Hospital Queen Mary Hospital provides comprehensive healthcare services.
🧘 Yoga & Wellness Centers Pure Yoga located nearby offers various classes for all levels.
🏋️ Gyms & Fitness Centers Fitness First and Anytime Fitness are popular options in Sheung Wan.
🧺 Laundry Services Local laundromats such as Laundromat & Dry Cleaning offer convenient services.

Food and Drink

📱 Best Food Delivery App Deliveroo and Foodpanda dominate the food delivery scene.
🍽️ Best Local Dish to Try Dim Sum and roasted goose are must-tries in the area.
🍱 Vegan/Vegetarian Options Places like The Veggie Room and Loving Hut cater to plant-based diets.
🍫 Best Dessert Spots Fang Shing Dessert serves traditional Cantonese desserts.
🛒 Affordable Shopping Spots Local markets like Cat Street sell snacks and souvenirs at affordable prices.
🛒 E-commerce/Online Store HKTVmall and Amazon are popular online shopping platforms.
🛒 Grocery Delivery Deliveroo also delivers groceries from stores like Wellcome and ParknShop.
🍸 Bar/Nightlife Area Lan Kwai Fong, just a short distance away, is famous for nightlife.
🍻 Local Brewery Hong Kong Beer Co. offers various local brews and tours.
🍷 Wine Bars Wine on Tap is a popular venue for wine lovers.
🍲 Street Food Stalls Street stalls in Sheung Wan offer tasty options like egg waffles and fish balls.
🍕 Popular International Cuisine Sheung Wan features a variety of international cuisines - from Vietnamese to Japanese.

Culture and Attractions

🎟️ Must-See Landmarks Man Mo Temple, Hong Kong Museum of Medical Sciences are iconic spots in the area.
🏛️ Museums & Art Venues Hong Kong Museum of History and Asia Art Archive are great visits.
🏰 Historical Sites The Old Central Police Station is a historical landmark worth visiting.
🕍 Religious Sites The iconic Man Mo Temple is steeped in history and culture.
🎉 Annual Events The Chinese New Year Parade and Hong Kong Arts Festival highlight the cultural scene.
🎨 Cultural Districts PMQ (Former Police Married Quarters) is a creative hub for local artisans.
🎭 Theater Venues The Hong Kong Arts Festival often hosts events in various local theaters.
🛍️ Local Markets Tai Ping Shan Street Market offers local handicrafts and food.
🎼 Music Scene Live music venues like The Wanch provide local music experiences.
🎨 Street Art Sheung Wan features various murals and urban art installations.
🧑‍🍳 Cooking Classes Hong Kong Foodie Tours offer cooking classes focusing on local cuisine.
👩‍🎨 Art Galleries Cattle Depot Artist Village showcases local artists.
🕰️ Historic Buildings The former Central Police Station, now a heritage site, illustrates colonial architecture.
🏴 Local Heritage The Mid-Levels Escalator showcases the city’s unique landscape and locals' daily life.

Nature and Outdoor Activities

🌅 Nearby Nature Escapes Victoria Peak offers stunning natural landscapes and city views.
🏞️ National Parks Nearby Sai Kung National Park offers beautiful trails and beach access.
🚲 Cycling/Walking Paths The Hong Kong Trail provides scenic views and a great walking experience.
🌄 Scenic Viewpoints Sky 100 and Victoria Peak are major viewpoints for stunning vistas.
🦉 Birdwatching Locations Wetland parks in the New Territories are popular birdwatching spots.
🔥 Bonfire-Friendly Spots Designated areas at beaches such as Repulse Bay allow bonfires.

Other Services and Amenities

📦 Parcel Delivery Service DHL and HK Post offer reliable parcel services.
🛠️ Tech Repair Services iFuture and other local shops provide quick tech repair services.
🏓 Table Tennis Spots Various community centers around Sheung Wan include table tennis facilities.
🧑‍🏫 Language Classes Language schools like The Mandarin House offer classes for various languages.
📚 Libraries & Study Spots The Hong Kong Central Library is a great place for quiet study.
🏘️ Community Centers Sheung Wan Community Center hosts various events and activities.
🕹️ Gaming Lounges K-Box and other lounges provide gaming experiences.
🎰 Casino & Gaming Halls There are no casinos in Sheung Wan, but nearby ferry services connect to Macau for gaming.

Business

🏢 Studio Purchase Price (City Center) Approx. HKD 25,000 per m² (e.g., 40 m² = HKD 1,000,000)
🏢 Studio Purchase Price (Outside City) Approx. HKD 18,000 per m² (e.g., 40 m² = HKD 720,000)
🏠 1-Bedroom Purchase Price (City Center) Approx. HKD 30,000 per m² (e.g., 60 m² = HKD 1,800,000)
🏠 1-Bedroom Purchase Price (Outside City) Approx. HKD 22,000 per m² (e.g., 60 m² = HKD 1,320,000)
🏡 2-Bedroom Purchase Price (City Center) Approx. HKD 35,000 per m² (e.g., 80 m² = HKD 2,800,000)
🏡 2-Bedroom Purchase Price (Outside City) Approx. HKD 25,000 per m² (e.g., 80 m² = HKD 2,000,000)
💼 Corporate Tax 16.5%
💵 Dividend Withholding Tax 0% for residents.
🏦 Tax System Territorial tax system; only income sourced in Hong Kong is taxed.
📈 Highest Income Tax Bracket 17% for income above HKD 200,000.
🧾 VAT General sales tax is not applicable in Hong Kong.
🌐 Controlled Foreign Company (CFC) Rules No special CFC rules; income earned offshore is not taxed.
🏠 Property Tax Property tax at 15% of rental income.
🏠 Property Transaction Tax 15% for non-first-time buyers and 0% for first-time buyers.
💻 Attractive Tax System for Digital Nomads Low tax burden and no capital gains tax make it attractive for digital nomads.