Choosing the right location for your business in Hong Kong
Click to activate Google map
Where you decide to locate your business in Hong Kong should be determined by a combination of the type of business you run and the budget you have at your disposal. For start-ups and small businesses it may be impractical to start looking for offices in the Central Business District of Hong Kong, where prices are higher and companies tend to be larger. An area such as Wan Chai would provide a vibrant and more affordable option with an abundance of small to medium sized companies to collaborate and network with. There is also a good selection of parks, hotels and restaurants in North Wan Chai, making it ideal for socialising and relaxation after work.
For larger or more established businesses looking to expand, Central Hong Kong may be an ideal location as it provides both a respected business address and unrivalled access to some of the world's largest financial corporations and multi-national companies. The area has been a centre for trade and financial dealings since 1841 and the British colonial era, making it one of the world's most established areas in which to do business.
In recent years, there has been greater commercial development in areas outside of the more established business locations and these provide an alternative to the busier and more costly areas dominated by multinationals and financial institutions. Sheung Wan, to the west of Central District, offers a more traditional Hong Kong compared with the key business areas on Hong Kong Island. Although Sheung Wan is just hundreds of meters away from the skyscrapers and iconic buildings in the financial hub of Central, the area has a completely different atmosphere and enjoys a mix of old and new architecture. Development has been rising here recently, in order to meet the growing needs for business accommodation.
Island East and Tsim Sha Tsui provide yet further alternatives to Hong Kong’s longer established business locations. Island East has recently been developed, resulting in a fantastic range of purpose built business, residential and shopping districts – all of which have been exceptionally well planned and laid out. Tsim Sha Tsui is located on the southernmost tip of Kowloon peninsula and offers excellent shopping and significantly lower rents than the prime locations on Hong Kong Island.
Click below for more information on some of Hong Kong's main business districts.
Located on the north shore of Hong Kong Island, this area was originally known as Victoria. Numerous financial and commercial enterprises have made Hong Kong Central business district their home since its foundation as a centre of commerce in the 1800s. The area boasts some of the city’s most recognisable buildings including The Bank of China Tower, AIG Tower, Citibank Tower and International Finance Centre (IFC) and IFC2.
A former British military area and now home to numerous financial institutions and business centres, the Admiralty district offers a fine mix of prestige and affordability. Noteworthy buildings include the Lippo Center Towers, the Far East Financial Center, and the CITIC Tower. The Admiralty MTR station provides easy access to the rest of the city and the international airport.
Sheung Wan (上环)
This district sits close to Central, just to the west, and yet the two districts are worlds apart. Sheung Wan sits just hundreds of meters away from Central’s key financial buildings but it lacks the array of towering skyscrapers which are so prominent in the skyline of its eastern neighbour.
This area is home to a very traditional style Hong Kong. Here, there are merchants selling rice, tea, traditional Chinese herbs and medicines. It is home to the well-known Ladder Street, which features original wide, stone steps used to carry sedan chairs up the steep sloping hills in the nineteenth century.
Wan Chai (灣仔)
This bustling metropolitan area of Wan Chai and Causeway Bay sits on the island’s north shore, east of Central and Admiralty. As both home to an array of small and medium sized businesses and also with a large residential population, Wan Chai has something of a buzz about it, also boasting a waterfront location and access to the Hong Kong Convention and Exhibition Center.
Tsim Sha Tsui
Tsim Sha Tsui, or TST is a cosmopolitan district of south Kowloon with easy access to both mainland China and the rest of Hong Kong. It hosts numerous buses, ferries and MRT routes as well as the main Kowloon-Canton Railway line station. Office rates in this part of Hong Kong can be as much as 50% less than Central areas making it a very attractive prospect especially for those doing business in mainland China.
Island East is an district of Eastern Hong Kong developed and managed by Swire Properties for residential, recreational and most importantly commercial use. The area plays host to some world renowned business centres including Taikoo Place and Cityplaza which make up a small proportion of the 8 million sq/ft of commercial office space available. The business hubs of Quarry Bay and North Point are also situated here.