Homepage ×
Properties for sale Apartments for rent New Development Serviced Apartments Overseas Properties
Offices for sale Offices for rent Coworking Space Serviced Office
Mortgage Calculator
Build Your Business
Spacious
1,000+ Reviews
Install

Table of Contents

Toggle table of contents dropdown
Search Icon
Search Icon
Loading indicator

No results found

A look at happiness of Hong Kongers

Hong Kong Living | March 29, 2016

Hong Kong is on a lot of people’s bucket list on places to travel and live, but how do the people that live in Hong Kong feel about it as a city? It might be argued that happiness cannot be measured, but according to the World Happiness Report in 2015, Hong Kong is ranked at 72 out of 158 countries in terms of happiness. Earning 5.47 out of 10 scored based on GPA, freedom of life choice, healthy years of life expectancy, social support, generosity, perception of corruption and trust, it had dropped 0.037 points and 26 places since 2012, which contrasts with China, though ranked below us in 84th, rose 0.42 points.

Now what exactly has got Hong Kongers less happy? While the report will tell you that it’s the freedom to make life choices, generosity and perceptions of corruption. But if you have a look at the EIU’s world cost of living reports and the number of hours a Hong Kongers work on average, it all seems to make sense.

rsz_world_happiness_index_2015_hong_kong_rank_72According to their 2016 biannual report, Hong Kong is close to crowning the top (though that spot is snagged by Singapore) of the world’s most expensive place to live. This cost is calculated based on a myriad of factors, including the cost of food, various goods, transportation, etc. Bare in mind that this result doesn’t even involve the cost of rent or houses.

rsz_eiu_world_most_expensive_city_indexNow let’s take a look at another factor – working hours. Apparently, Hong Kong people on average work 50 hours per week on a report by the UBS Price and Earnings 2015 report. With the cost of housings incorporated, Hong Kong is ranked at number 6, however, this doesn’t take into account the size of living space compared to the cities ranked in front. Before you pondered just how much or little that is, you might want to know that in the UK, it is illegal to work more than 48 hours per week.

A look at happiness of Hong Kongers

If you also consider the fact that Hong Kong is home to some of the richest people on the planet, which would inevitably pull up the GPA, there is no doubt just why Hong Konger’s happiness had dropped. With unaffordable housing, long working hours and wages that are unable to keep up with inflation and the house price, Hong Konger’s struggles to stay afloat in this day and life is causing them their happiness.

WhatsAppFacebookWeChatGmailCopy LinkShare

Extend Reading

Subscribe for the latest property advice

Stay updated on the latest developments and tips in the property market to make more informed decisions

Please provide a correct email address

Recommended Articles

Hong Kong Living | April 25, 2016

Vigorous HK - Routes for joggers

With the rugged pavement and narrow sidewalks, Hong Kong doesn’t seem like a place suitable for those passionate joggers; not to mention the Severe traffic pollution that worsens the air condition for exercising. Nevertheless, being a city abundant with vigor, Hong Kong has quite a few communities supporting this exercise. On top of that, in order to accommodate these joggers, marathons are […]

Hong Kong Living | February 17, 2017

Foodies' March Favorite: Taste of Hong Kong

With all the fruitful festivals and events happening this month, February has been wonderful! But wait, it is still not the time to stop the amusements! Dear foodies, here comes the premium Taste of Hong Kong, our favorite restaurant festival in Central Harborfront from 16th to 19th March 2017. This world’s greatest restaurant festival just gives you the precious chance […]

Hong Kong Living | January 18, 2016

3 reasons to choose New Territories

New Territories – it’s most certainly not the part of Hong Kong people envision themselves to be when they think about moving to Hong Kong. It’s not where the major events happen and lacks variety in the party and gastronomic scene. But given the myriad of transport links Hong Kong has to offer, there are many reasons why you should choose New Territories when […]