Over 7 million people live in Hong Kong, making some districts among the
world’s most densely populated areas. Yet more than 70% of Hong Kong’s
total areas are rural, including about 40% designated as protected
country parks. This means Hong Kong has one of the world’s highest
ratios of conserved parkland. Almost 95% of the population is Chinese.
Chinese and English are the official languages. Cantonese is the most
widely spoken Chinese dialect, though the use of Putonghua (Mandarin) is
growing. All major signage is in English or is bilingual. Most people in
the service industry speak English.
Cost of Living in Hong Kong:
Hong Kong is considered one of the most expensive cities in the world.
In that view, it is also useful to have an idea of the cost of living
while you complete your studies at the HKBU School of Business. The
normal ranges of study-related expenses are as follows:
| Item: | Amount (HK$): | Amount (US$): |
|---|---|---|
| Tuition fee for HKBU taught postgraduate business programmes (for non-local students) | HK$189,000 – HK$342,000 | US$24,250 – US$43,860 |
| Accommodation for 10 months | HK$50,000 – HK$140,000 | US$6,410 – US$18,000 |
| Personal Expenses (including meals, transportation, entertainment and miscellaneous) for 10 months | Approx. HK$50,000 | Approx. US$6,410 |
Furthermore, here are a few examples of what you can expect to pay for
certain items or services:
| Item: | Amount (HK$): | Amount (US$): |
|---|---|---|
| A McDonald’s Value Meal | HK$24 – HK$37 | US$3 – US$5 |
| A can of coke, from convenience store (e.g. 7-11 or OK) | HK$8 | US$1 |
| A set meal (with main dish, rice and drink) at an average local café (known as Cha Chaan Teng) | HK$50 – HK$80 | US$6.50 – US$10.50 |
| A Starbucks medium size Cappuccino | HK$38 | US$5 |
| A movie ticket (without 3D effect) | HK$70 – HK$130 | US$9 – US$16.50 |
| An MTR trip from Central to Causeway Bay by using an Octopus Card | HK$6 | US$0.80 |
| Crossing the harbour from Central to Tsim Sha Tsui by ferry (Star Ferry) | HK$2.20 – HK$3.70 | US$0.30 – US$0.50 |
We understand that for international students, one of the biggest
concerns over moving to Hong Kong and starting the postgraduate degree
was about the living cost. Although everyone’s personal financial
situation is different, one of our graduates, Kali from the USA, has
written a blog article to help everyone make the decision by outlining
average monthly cost in Hong Kong. Another graduate, Michael from
Poland, also shared with us on the ways to save money while living in
Hong Kong.
Contact us now to receive the firsthand and additional information for a
better planning and decision!
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