What do I need to know before retiring in Kennedy Town?

"Kennedy Town is located at the western end of Sai Wan on Hong Kong Island, and it is one of the most traditional areas in Hong Kong. It is a vibrant neighborhood with a mix of old and new, where traditional markets and old shops coexist with trendy restaurants and modern residential buildings. Before retiring in Kennedy Town, expats should know that the cost of living is relatively high, especially when it comes to housing. Renting or buying a property can be quite expensive, although it is still cheaper compared to other areas in Hong Kong. The official language in Hong Kong is Cantonese, but English is also widely spoken. However, it would be beneficial to learn some basic Cantonese phrases to help with daily life and to better integrate into the local community. Healthcare in Hong Kong is of a high standard, but it can be expensive. Expats should ensure they have comprehensive health insurance to cover any medical costs. Kennedy Town is well-connected to other parts of Hong Kong by public transportation, including the MTR, buses, and trams. Owning a car is not necessary and can be more of a hassle due to the high cost of parking and heavy traffic. The food scene in Kennedy Town is diverse, with a wide range of restaurants offering both local and international cuisine. There are also several supermarkets and local markets where you can buy fresh produce and groceries. Hong Kong has a subtropical climate, with hot and humid summers and mild winters. It also experiences typhoons, usually between June and October, which can cause disruptions to daily life. Hong Kong's tax system is relatively simple and straightforward, with low personal income tax rates. However, it's advisable to consult with a tax advisor to understand the implications for your personal situation. Finally, it's important to understand that Hong Kong is a bustling city with a fast-paced lifestyle. While Kennedy Town is quieter than other areas, it can still be busy and crowded. It's essential to consider whether this lifestyle suits your retirement plans," explained one expat living in Kennedy Town, Hong Kong.

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Allianz Care

Allianz Care's plans ensure that you have access to quality healthcare whenever you need it. Our flexible solutions allow you to tailor your cover to meet your needs and budget. You can submit your claims digitally and our helpline is available 24/7 to help you anytime.
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