Hong Kong Surpassed Singapore in Liveability - A New Era for the Asian Rivalry

Hong Kong Surpassed Singapore in Liveability - A New Era for the Asian Rivalry | Bestar

Hong Kong Surpassed Singapore in Liveability - A New Era for the Asian Rivalry

For years, Singapore has been widely regarded as the pinnacle of liveability in Asia. Its clean streets, low crime rates, and efficient infrastructure have consistently placed it at the top of global liveability rankings. However, recent data from leading research firms suggests a significant shift in this long-standing rivalry. In a move that has captured the attention of expats, businesses, and policymakers alike, Hong Kong is now making a compelling case for being the more liveable city, surpassing its rival in key metrics.

This article delves into the latest reports and analysis to explore how Hong Kong has achieved this remarkable turnaround and what this means for the future of these two economic powerhouses.

The Rise of Hong Kong: A Look at the Latest Rankings

According to recent reports from prominent research institutions like the Economist Intelligence Unit (EIU) and the Hong Kong General Chamber of Commerce, Hong Kong has made a dramatic leap in liveability and internationality rankings.

• EIU Global Liveability Index 2025: Hong Kong has shown a remarkable improvement, climbing several spots to become one of the biggest movers in the index. This upward trend is a clear indicator of the city's recovery and renewed focus on enhancing its quality of life.

  
  

• Asian Cities Internationality Index: A new index by the Hong Kong General Chamber of Commerce found Hong Kong narrowly edging out Singapore to be named Asia's most international city. The report highlighted Hong Kong's strong performance in the "business and economy" category, which is a key component of its overall appeal.

  
  

While Singapore continues to excel in specific areas, such as its status as a top-tier "smart city" and a magnet for high-net-worth individuals, the momentum seems to be with Hong Kong in the broader liveability conversation.

What's Driving Hong Kong's Liveability Surge?

Several key factors are contributing to Hong Kong's improved liveability score, making it a

more attractive destination for residents and businesses.

1. Recovery and Stability Post-Pandemic: The lifting of long-standing COVID-19 restrictions has been a major catalyst for Hong Kong's liveability rebound. As one of the last places to ease pandemic-related measures, its return to pre-pandemic normalcy has been a significant boost. This has led to a revitalization of social life, recreational activities, and a sense of freedom that was previously absent.

2. Focus on Infrastructure and Public Services: Hong Kong is making strategic investments to enhance its liveability. The government has focused on:

• Housing Initiatives: Plans to increase public housing supply and shorten waiting times are directly addressing one of the city's most persistent challenges.

  
  

• Transportation Upgrades: The implementation of new railway and road projects, alongside a push for green transport options like electric buses and taxis, is improving connectivity and reducing the city's carbon footprint.

  
  

• Smart City Development: Hong Kong's improved ranking in the Global Smart City Index demonstrates its commitment to leveraging technology for better governance, environmental sustainability, and digital economic development.

3. Vibrant Culture and Connectivity: Hong Kong's long-standing strengths in culture and connectivity continue to be a significant draw. Its reputation as a global financial hub and its role in hosting international events contribute to a dynamic, cosmopolitan environment. The city's efficient public transport system, which is a model for urban efficiency, further adds to its appeal by making daily life convenient and accessible.

Singapore's Challenges: A Comparative Perspective

While Singapore remains a highly desirable place to live, it is not without its own set of challenges. Some of the factors that have held it back in recent rankings include:

• Cost of Living: Singapore continues to be one of the most expensive cities in the world for international workers and for high-net-worth individuals. High costs for housing, transportation, and goods can put a strain on budgets.

  
  

• Aging Population and Infrastructure: Like many developed nations, Singapore is grappling with an aging population. This, coupled with the need to renew existing infrastructure, presents a long-term challenge that requires strategic urban planning.

  
  

• Density and Climate Change: As a small, densely populated city-state, Singapore must contend with the challenges of limited space and the growing threat of climate change, which can impact liveability.

  
  

The Future of the Rivalry

The new rankings signal a potential turning point in the Hong Kong-Singapore rivalry. While Singapore's strengths in stability and robust governance are undeniable, Hong Kong's recent momentum and focused efforts on improving key liveability metrics are paying off.

For expats and professionals, the choice between the two cities is becoming more nuanced. Both offer world-class career opportunities and a high standard of living. However, Hong Kong's renewed focus on enhancing quality of life, combined with its cultural dynamism and strategic location, may be tipping the scales in its favor.

Ultimately, this ongoing competition is a win for the region, as both cities strive to innovate and create the most attractive environment for global talent and investment. The story of Hong Kong surpassing Singapore in terms of liveability is not just about a ranking; it’s a testament to the city’s resilience, adaptability, and unwavering commitment to its future.

How Bestar Hong Kong Can Help Your Business Succeed

Hong Kong Surpassed Singapore in Liveability - A New Era for the Asian Rivalry

Navigating the complexities of doing business in a dynamic and highly competitive market like Hong Kong requires more than just a great idea. It demands strategic support, expert guidance, and a partner who understands the local landscape. This is where Bestar Hong Kong stands out. As a leading professional services firm, Bestar offers a comprehensive suite of solutions designed to help businesses of all sizes, from startups to multinational corporations, establish a presence and thrive in this global hub.

Here’s an in-depth look at how Bestar Hong Kong can be the key to your business's success.

1. Seamless Company Formation and Corporate Secretarial Services

The first step to doing business in Hong Kong is establishing a legal entity. Bestar Hong Kong specializes in providing a smooth and efficient company registration process. Their services go beyond simple paperwork, offering strategic advice on the most suitable business structure for your goals.

How Bestar Helps:

• Company Incorporation: They handle all the procedures for new company registration, from name checks to filing all necessary documents with the Companies Registry.

  
  

• Corporate Secretarial Services: In Hong Kong, it is a legal requirement for every limited company to appoint a company secretary. Bestar fulfills this crucial role, ensuring your business remains compliant with the Companies Ordinance by managing corporate records, preparing resolutions, and handling statutory filings.

  
  

• Registered Office Address: They can provide a statutory registered office address, a mandatory requirement for all Hong Kong companies.

2. Expert Accounting, Bookkeeping, and Financial Advisory

Sound financial management is the bedrock of any successful business. Bestar Hong Kong’s team of qualified accountants and financial experts provides a full spectrum of services to keep your finances in order, accurate, and compliant.

How Bestar Helps:

• Bookkeeping and Financial Reporting: They handle the daily recording of transactions, ledger maintenance, and preparation of financial statements in compliance with the Hong Kong Financial Reporting Standards (HKFRS).

  
  

• Audit Assistance: While independent auditors conduct the annual audit, Bestar prepares all necessary documentation and liaises with the auditors to ensure a smooth and efficient process, helping your company avoid penalties.

  
  

• Financial Advisory: Bestar acts as a strategic partner, offering services like due diligence, company valuation, and guidance on mergers and acquisitions (M&A) to help you make informed business decisions.

3. Strategic Tax Planning and Compliance Solutions

Hong Kong’s tax system is favorable, but it requires careful management. Bestar’s tax professionals provide expert guidance to ensure compliance and optimize your tax position.

How Bestar Helps:

• Profits Tax Returns: They handle the preparation and filing of Profits Tax Returns with the Inland Revenue Department (IRD), ensuring you meet all deadlines and legal requirements.

  
  

• Tax Planning: Bestar offers strategic advice on structuring your finances to legally minimize tax liability and take advantage of available deductions and exemptions.

  
  

• Employer's Returns: They manage the preparation and submission of Employer's Returns (IR56) and other statutory filings, which are crucial for labor law compliance.

4. Efficient HR and Payroll Management

Managing payroll can be time-consuming and complex, especially for businesses with international employees. Bestar offers efficient outsourcing solutions to streamline this process, allowing you to focus on your core business.

How Bestar Helps:

• Payroll Outsourcing: They handle the precise calculation of salaries, bonuses, and mandatory contributions like the Mandatory Provident Fund (MPF), ensuring accuracy and confidentiality.

  
  

• Employment Pass Applications: For businesses looking to bring in international talent, Bestar assists with the application for employment passes, simplifying the HR administration process.

5. Comprehensive Business and IT Solutions

Beyond core compliance services, Bestar Hong Kong provides a suite of advisory and IT solutions to help your business grow and adapt to a constantly changing environment.

How Bestar Helps:

• Startup Advisory: Bestar provides comprehensive support to startups, from business plan development and financial modeling to navigating local regulations.

  
  

• Risk Management and IT Audits: They offer consulting on risk management and internal controls, helping businesses protect their assets. They also provide IT-related services, including IT audits, to ensure your business leverages technology effectively.

Why Choose Bestar Hong Kong?

Choosing a professional services partner is a critical business decision. Bestar’s competitive advantages include:

• A "One-Stop Solution": They provide an extensive network of services, meaning you don't need to work with multiple firms to meet your business needs.

  
  

• Experienced Professionals: Their team is composed of seasoned experts with deep knowledge of Hong Kong’s business, legal, and regulatory landscape.

  
  

• Personalized, Scalable Solutions: Bestar offers customized strategies tailored to your unique business needs, ensuring that their services can grow and adapt with you.

By partnering with Bestar Hong Kong, you gain a dedicated team committed to your success, allowing you to offload administrative burdens and focus on what truly matters: growing your business.