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HKG VS SIN. Which City Has A Higher GNP?  
User currently offlineUnited Airline From Hong Kong, joined Jan 2001, 9169 posts, RR: 15
Posted (2 years 3 days 22 hours ago) and read 2597 times:

Which city has a higher/bigger GNP? I suppose Hong Kong right? And I guess Hong Kong people make more right?

14 replies: All unread, jump to last
 
User currently onlineluv2fly From United States of America, joined May 2003, 12110 posts, RR: 49
Reply 1, posted (2 years 2 days 10 hours ago) and read 2518 times:
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A simple google search will get your answer.

http://lmgtfy.com/?q=Hong+Kong+or+Singapore+who+has+higher+GNP%3F



You can cut the irony with a knife
User currently offlineZkpilot From New Zealand, joined Mar 2006, 4834 posts, RR: 9
Reply 2, posted (2 years 1 day 13 hours ago) and read 2467 times:

HK has twice the population of Singapore and whilst it has larger variances in incomes etc its overall economy is bound to be considerably larger than Singapores.


56 types. 38 countries. 24 airlines.
User currently offlineSInGAPORE_AIR From United Kingdom, joined Nov 2000, 13742 posts, RR: 19
Reply 3, posted (2 years 1 day 11 hours ago) and read 2453 times:

Quoting luv2fly (Reply 1):
A simple google search will get your answer.

This thread is the second result on Google for me.



Anyone can fly, only the best Soar.
User currently offlineBill142 From Australia, joined Aug 2004, 8451 posts, RR: 8
Reply 4, posted (2 years 1 day 11 hours ago) and read 2449 times:

Quoting Zkpilot (Reply 2):

Especially if you bundle it in with the figures for China.


User currently offlineUnited Airline From Hong Kong, joined Jan 2001, 9169 posts, RR: 15
Reply 5, posted (1 year 12 months 4 days 18 hours ago) and read 2358 times:

Quoting Zkpilot (Reply 2):
HK has twice the population of Singapore and whilst it has larger variances in incomes etc its overall economy is bound to be considerably larger than Singapores.

Hong Kong has 7 million+ people while Singapore has 5 million+


User currently offlineZkpilot From New Zealand, joined Mar 2006, 4834 posts, RR: 9
Reply 6, posted (1 year 12 months 4 days 14 hours ago) and read 2328 times:

Quoting United Airline (Reply 5):
Quoting Zkpilot (Reply 2):
HK has twice the population of Singapore and whilst it has larger variances in incomes etc its overall economy is bound to be considerably larger than Singapores.

Hong Kong has 7 million+ people while Singapore has 5 million+

Officially. Unofficially HK is estimated to have about 10 million.



56 types. 38 countries. 24 airlines.
User currently offlineKiwiRob From New Zealand, joined Jun 2005, 7420 posts, RR: 5
Reply 7, posted (1 year 12 months 4 days 8 hours ago) and read 2298 times:

Singapore has better food, why bother going to Hong Kong.

User currently offlineUnited Airline From Hong Kong, joined Jan 2001, 9169 posts, RR: 15
Reply 8, posted (1 year 12 months 3 days 23 hours ago) and read 2260 times:

Quoting KiwiRob (Reply 7):
Singapore has better food, why bother going to Hong Kong.

Hong Kong is a bigger city, more dynamic. Also there are more to do though more expensive. For local food I prefer Singaporean food (laksa, chicken rice, satay, popiah, chilli crab etc), But overall I think Hong Kong has more varieties especially for Chinese food and western fine dining (especially the top ones like Fook Lam Moon, Gaddi's, Petrus etc).

My 2 cents.


User currently offlineCoal From United States of America, joined Aug 2006, 2051 posts, RR: 9
Reply 9, posted (1 year 12 months 3 days 9 hours ago) and read 2208 times:

How about in which city can the average, middle-class person afford to buy property? Answer: None. It's all being snapped up by Mainland Chinese (and Indonesians in Singapore, to be fair).

Not sure there is really more to do in in HK, really. I basically live in both cities (technically I live in Singapore, but my wife lives in HK and I commute back and forth).

In terms of cafes, bars, boutique shops, and mid- to high-range restaurants, HK has a thriving scene. Problem is that it is all located on Hollywood Rd and a couple of streets off it (differentiating it by calling it by different names doesn't count: Sheung Wan, Mid-Levels, SoHo, LKF, etc, is all Hollywood Rd). At least Wan Chai is up and coming, and probably only because the rents in Sheung Wan/Central are ridiculous.

In this sense, Singapore is definitely catching up, and at least it's not all located in the same place. Tiong Bahru, Little India, Duxton Hill, Dempsey Hill (or whatever they're calling it these days... Tanglin Village I think), River Valley, Outram, Tanjong Pagar, etc.

As much as I like the more urban/rough/character-filled feeling of Hong Kong, some parts, especially Sheung Wan and Central up hill from Queens Rd needs a facelift. If you look closely, some parts don't look better than Mogadishu. To be fair, Singapore goes to the other extreme and makes it too sterile.

I love the islands, the mountains and the trails in HK, which Singapore doesn't have (unless you count Malaysia    ). On the other hand, Singapore doesn't feel as crowded or as much of a huge megacity due to all the greenery that's everywhere and all of the interconnected parks.

So, despite this is totally off the OP's original post, I think it's generally unfair to compare both cities, even though we all know they're huge rivals. They're just very different cities and I love being able to live in both of them.

Cheers
Coal

[Edited 2012-09-25 08:41:13]


Nxt Flts: VA SYD-CBR-SYD | QF SYD-DFW | AA DFW-TLH-MIA-DFW | QF DFW-SYD
User currently offlineUnited Airline From Hong Kong, joined Jan 2001, 9169 posts, RR: 15
Reply 10, posted (1 year 12 months 3 days 6 hours ago) and read 2169 times:

Properties in Singapore and Hong Kong are outrageously expensive. Rediculous. Especially Hong Kong.............

For Hong Kong, don't blame the mainlanders as they only account for 7% of the purchase. Overseas investors maybe around 10%. Money/no of transaction wise. There are lots of super rich in Hong Kong and they speculate a lot. But the main reason=the government policies.

Quoting Coal (Reply 9):
I love the islands, the mountains and the trails in HK, which Singapore doesn't have (unless you count Malaysia ). On the other hand, Singapore doesn't feel as crowded or as much of a huge megacity due to all the greenery that's everywhere and all of the interconnected parks.

Yes


User currently offlineUnited Airline From Hong Kong, joined Jan 2001, 9169 posts, RR: 15
Reply 11, posted (1 year 12 months 2 days 18 hours ago) and read 2137 times:

There are lots of top restaurants throughout Hong Kong including hotels

User currently offlineZkpilot From New Zealand, joined Mar 2006, 4834 posts, RR: 9
Reply 12, posted (1 year 12 months 2 days 14 hours ago) and read 2128 times:

Quoting United Airline (Reply 10):
For Hong Kong, don't blame the mainlanders as they only account for 7% of the purchase. Overseas investors maybe around 10%.

Is that in total, or is that of property sold each year?
Because if it is each year then that would potentially make about 25% or more foreign owned which would effectively double prices from what they should be (which would still probably be high but it is a big city).



56 types. 38 countries. 24 airlines.
User currently offlineYokoTsuno From Singapore, joined Feb 2011, 348 posts, RR: 0
Reply 13, posted (1 year 12 months 2 days 1 hour ago) and read 2078 times:

Quoting KiwiRob (Reply 7):
Singapore has better food, why bother going to Hong Kong.

I agree  . Although I also find the food in HK delicious.

Quoting Coal (Reply 9):
How about in which city can the average, middle-class person afford to buy property? Answer: None. It's all being snapped up by Mainland Chinese (and Indonesians in Singapore, to be fair).
Quoting United Airline (Reply 10):
Properties in Singapore and Hong Kong are outrageously expensive.

This is not fully correct. For properties which are developed by commercial developers yes. However, I don't know the exact figure but easily 85% of Singapore lives in what is called social housing in Western countries (Housing Development Board). A 1st-time "buyer" can get these from around S$260,000 (US$215,000). The double quotes on buyer is because they are actually leased for 99 years although nobody really knows what is going to happen after that period.

Quoting United Airline (Thread starter):
Which city has a higher/bigger GNP? I suppose Hong Kong right? And I guess Hong Kong people make more right?

There is no direct link between GNP/Capita and salaries because part of this fiogure comes from real estate, which is automatically high in countries with limited landarea. HK and Singapore are however somewhat comparable in that sense.

-HK has a minimum wage which is about US$3.6 per hour or approx. US$800-900 a month.

- Singapore does not have any minimum wage. In practice however these are around US$700-800 a month.


User currently offlineUnited Airline From Hong Kong, joined Jan 2001, 9169 posts, RR: 15
Reply 14, posted (1 year 12 months 1 day 22 hours ago) and read 2067 times:

Quoting Zkpilot (Reply 12):
Is that in total, or is that of property sold each year?
Because if it is each year then that would potentially make about 25% or more foreign owned which would effectively double prices from what they should be (which would still probably be high but it is a big city).

Both. I read on the news that mainlanders/Taiwanese account for only 7%. Amount+transaction wise. Lots of super rich locals in Hong Kong. Overseas a bit more.

Quoting YokoTsuno (Reply 13):

-HK has a minimum wage which is about US$3.6 per hour or approx. US$800-900 a month.

- Singapore does not have any minimum wage. In practice however these are around US$700-800 a month.

I see.

Quoting YokoTsuno (Reply 13):
This is not fully correct. For properties which are developed by commercial developers yes. However, I don't know the exact figure but easily 85% of Singapore lives in what is called social housing in Western countries (Housing Development Board). A 1st-time "buyer" can get these from around S$260,000 (US$215,000). The double quotes on buyer is because they are actually leased for 99 years although nobody really knows what is going to happen after that period.

Hong Kong is even more expensive. People easilypay HK$ 10 million for a 1 bedroom unit


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