Although Hong Kong is compact compared to many expat destinations, it offers a remarkable diversity of neighborhoods—from sandy beaches to high-rise cityscapes¹.

Key Residential Areas

Happy Valley
Happy Valley is a chic, upscale district close to the famous racecourse and surrounded by green spaces. Its proximity to international schools makes it ideal for families, though property prices are high. Overlooking Happy Valley is Jardine’s Lookout, a luxurious area with detached houses, low-rise apartments, and high-rise developments. Both neighborhoods are popular among expatriates for their amenities and educational options¹.

West Kowloon and Kowloon Tong
Kowloon is increasingly favored by expats, offering easier access to Hong Kong Island via the Mass Transit Railway (MTR). The area is densely populated, which helps keep housing costs lower than on the island. Kowloon Tong is known for spacious properties, low-rise developments, and detached houses, as well as cultural attractions like art galleries and markets. West Kowloon is famous for its shopping malls, including Festival Walk².

Wan Chai
Wan Chai is the bustling heart of Hong Kong Island, renowned for its vibrant nightlife, 24/7 shopping, and entertainment. It’s best suited to singles or couples without children, given the lively atmosphere and smaller accommodation sizes. While luxury penthouses and serviced apartments are available, more affordable flats can also be found. The cost of living is higher here, especially for dining and entertainment².

North Point
Located on the northeastern tip of Hong Kong Island, North Point is more affordable and has become popular with expats seeking a community-oriented lifestyle. The area features local markets, diverse restaurants, and a strong sense of tradition, making it attractive for those wanting to immerse themselves in local culture¹.

The Mid-Levels
Popular with young professionals and singles, the Mid Levels is close to business districts and nightlife hubs like Soho and Lan Kwai Fong. The area also offers excellent schools and recreational options, including the Hong Kong Zoo and Botanical Gardens. The world’s longest escalator connects the Mid Levels to Central, and while rents are high, affordable apartments can be found with careful searching².

Repulse Bay and Stanley
Repulse Bay, on the southern tip of Hong Kong Island, is ideal for those seeking beachside living. Stanley, nearby and more moderately priced, offers access to schools, shopping, and healthcare. Both areas require a car, as the MTR does not serve this part of the island, but the scenic setting compensates for the lack of public transport².

Market Trends and COVID-19 Impact

Despite global turbulence, Hong Kong’s property market remained steady through 2019. The COVID-19 pandemic in 2020–2021 led to a notable shift: price-to-income ratios dropped by 11.9% from mid-2019 to mid-2021, making housing more affordable for families³. When choosing a neighborhood, consider factors such as schools, transport, geography, and affordability.

1. “Hong Kong Expats Guide: Working and Living in Hong Kong,” InterNations, https://www.internations.org/hong-kong-expats/guide/working, accessed January 9, 2026.
2. “Tailor-Made: Buy Custom Suits in Hong Kong,” The Hollywood Reporter, https://www.hollywoodreporter.com/news/tailor-made-buy-custom-suits-875653, accessed January 9, 2026.
3. “Global Housing Market Trends Report 2021,” Aetna International, https://www.aetnainternational.com/en/individuals/international-health-guides/a-guide-to-life-in-china/keeping-safe-in-china.html, accessed January 9, 2026