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Hong Kong Economy
Subject to both British and Chinese rule, since the 70’s Hong Kong economy has also been subject to an economic policy dubbed positive, in which the policy of non-interventionism was predominant, as it was hailed by the country’s former financial secretary.
Cited and praised by worldwide economists, due to the benefits of this laissez-faire capitalism, Hong King’s kind of policy eventually placed the country among the world’s freest economies, for 14 consecutive years. The World Report of Economic Freedom also places Hong Kong first, though with some arguments addressed to the particular term laissez-faire, which inadequately characterizes the country’s policy.
To get a better idea, in Hong Kong the government owns the land, and it is the government the one that leases it to private users, the sale of the land being forbidden. The price of the land is thus kept stable- some have even argued that it would be artificially high. This policy gives free way to the government to be able to better support, at a lower rate public spending. Even more, the country’s liberal political-legal environment has been registered as more stable than that of most countries.
Hong Kong Economy enters the high-income group countries, according to the Classification of economies by Income. The country also enjoys a predominant free market economic system, dependent on International Trade and Commerce
Based on the estimated data of 2005, the Gross Domestic Product in Hong Kong was at $254.2 billion, with a growth rate of 7 %. That same year, the GDP per capita was at $36,800. With these figures, the economy of Hong Kong can easily be compared to those of the biggest economies of Western Europe. The increase in the GDP was calculated at a rate of 5% between 1989 and 2005, even though the country has had two recessions, as a result of the Asian financial crisis in 1997-1998 and also the global downturn from 2001-2002.
The country’s unique geographical location and diverse trading opportunities, as well as abundance human resources, have driven Hong Kong to great wealth-generating assets. Hong Kong also prides with one of the best-sheltered harbors, now a highly developed and thriving international port, it also was major port for pirates for centuries, before the British colonized it in 1841.
Having a skilled, adaptable, and also hard-working labor force, even more so once modern British business methods were implemented, together with modern technology, the chances for external trade, investment, and recruitment were soon doubled.
Further reading in EconomyWatch.com:
Overview of the Economy of Hong Kong
Imports and Exports of Hong Kong
Economic Indicators of Hong Kong
I have studied economics for years and love to write about economic trends and conditions. I write for www.economywatch.com and www.economypedia.com.
A special administrative region of China, Hong Kong is an exotic destination, with more than 250 islands. Once a British Colony, Hong Kong became a part of China in 1997. Apart from a hot tourist center, Hong Kong is also regarded as a great business center, and is sometimes referred to as the ‘Gateway to the booming economy of China.’ Further, in contrast to other Asian destinations, Hong Kong has a very low crime rate, and hence considered a safe place to live in.
Since a former British colony, a strong influence of westernized culture is prevalent here. Al though, majority of Hong Kong’s population is made up of Chinese, the city also include people from other nations including Australia, the UK, Canada, Japan, and Korea. Probably for this reason, real estate market in Hong Kong is booming.
Whether you are a permanent resident or a tourist to the city, Hong Kong boasts of a continuum of accommodation options, according to your taste, lifestyle, and budget. Hotels, resorts, condotels, and villas would be some of the best accommodation for people touring Hong Kong for a short period. For long stays as well as permanent settlements, some of the much favored accommodation choices are single detached homes, flats, apartments, and townhouses.
A condominium living is quite different from other residential choices including owning or renting an apartment, villa, or a single dwelling space. When you decide to stay in a condominium it means that you have made up your mind to live with a group of other condominium owners. Depending upon your tastes and preferences, a variety of condo units are available in Hong Kong, from low budget condominiums to high end luxury condominium complexes. Different types of condominiums available here include apartment model condo units and townhouse, which is mostly attached with garage and yard space. Hong Kong condominiums are also sometimes available in the form of single detached buildings.
Condominiums units in Hong Kong are mostly replete with expansive living rooms, superb bedrooms coupled with relaxed beds, sophisticated kitchen, and bath area. No matter it is small or big, luxury or ordinary, condominium units in Hong Kong mostly come with such amenities as cable television, heating and air conditioning facilities, provision for hot and cold water, balcony providing excellent views, and professional services.
Luxury units usually include high-end common facilities such as laundry facilities, game rooms, whirlpool spas and saunas, swimming pools, meeting rooms, parking areas, round the clock on-site security system, intercom security system, on-site office for property management, solarium with areas for gatherings and social activities, specialized areas for outdoor recreational activities, salons with expert massage therapist, parking areas, and on-site workshop.
Owning a condominium in Hong Kong offers a myriad of benefits. One of the great benefits of living in condo units is that it enables you to reside in a well-controlled community. Security is another key benefit of living in Hong Kong, as many of the condominiums are attached with top-end monitoring system.
Benefits of living in condominium also include low interior as well as exterior maintenance costs and access to such facilities as elevators and swimming pools. Mostly, people staying in condominium complexes have common lifestyle and preferences, which in turn allow you to lead a comfortable life. For instance, there are condominium units especially designed and constructed for people like retirees and single people.
Above all, purchasing a condominium unit in Hong Kong is considered a great long term investment, guaranteeing excellent returns. However, the price of condominium units is exceptionally high in contrast to other accommodations options such as apartments and single houses.
However, it is important to consider certain important matters prior to purchasing a condominium in Hong Kong. The rules and regulations pertaining to condo units vary from condominiums to condominiums.
In certain cases, the condominium association or group put forward some kind of restrictions to own pets or to use a particular facility. Hence, such matters must be checked for. Purchasing or renting a condo unit in Hong Kong is no longer a tedious process. A myriad of real estate companies and property builders are there in order to help you find a condo unit that suits your requirements.
Taking a holiday to Hong Kong is often on people’s lists of ‘things to do before you die’, right up there with visiting Niagara Falls and swimming with dolphins. Some question it as such a spectacle, but I don’t need convincing that a city break to Hong Kong may be one of the most amazing things you ever do. Here’s five reasons why.
5. Victoria Peak
Located on Hong Kong Island itself, Victoria peak offers the best panoramic views of the province as a whole. While the top of the mountain is taken up with ugly communications antennae, there are areas close to the summit which afford breathtaking sights and a more relaxed feel; high above the main – and sub-tropical – part of Hong Kong, holidays should include at least one trip up the mount for the remarkable change in climates. The peak also has two major shopping centres, a funicular railway, and the Zoological botanical gardens of Hong Kong – holiday enough for anyone, even without the rest of the province!
4. Government House
Government House is well worth a visit, especially on one of its six open days a year. If possible, plan your Holidays in Hong Kong to fit around one of these days at the beginning, middle or end so you can go into the building itself. The house was the home of the British governor from 1855 to 1997, and is stylistically and historically interesting. It was heavily augmented during the Japanese occupation during World War Two, and is controversial in placement, specifically in terms of its Feng shui – a popular Asian belief in fortune being drawn from architectural positioning. Visiting is a must on any city break to Hong Kong.
3.The Tian Tan Buddha
The Tian Tan Buddha is a huge bronze statue of the Buddha. Situated on Lantau island, it is the world’s tallest bronze, outdoor and seated Buddha and is a regular site for pilgrimages as well as people on holidays. Hong Kong is to a large extent Buddhist and experiencing the culture of the province isn’t complete with an exploration of all of the aspects the state has to offer.
2. Avenue of Stars, Hong Kong
The Avenue of Stars in Hong Kong is Asia’s equivalent of Hollywood Boulevard. Visiting the site while on holiday to Hong Kong is almost mandatory if you’re a fan of Bruce Lee, Jackie Chan, Michelle Yeoh, John Woo or Chow Yun Fat. A star on the broad walk of famous Asian actors, directors and stars are a treat for any fan, and those who are history buffs as well will love the history of Hong Kong’s 100 year old cinematic industry as laid out on nine red pillars.
1.Star Ferry
The Star Ferry is famous as the passenger ferry service in Hong Kong. The cheap and wonderful journey around the islands in Hong Kong is utilitarian and magical in equal measure, and you’ll be side by side with Hong Kongers and tourists alike. An icon on a par with the Staten Island or Maid of the Mist Ferries, The Star Ferry is the perfect beginning and introduction to the state, or the ideal end to a memorable Hong Kong city break.
Kieron Sellens is the marketing manager of the Association of Independent Tour Operators (AiTO). With Hong Kong holidays from AITO, you can tailor-make the dream holiday.
One of the most visited regions of Asia, Hong Kong boasts of everything necessary for rest and relaxation along with dabbling in other activities such as shopping, leisure and adventure. Located on the southern area of China, Hong Kong is a wonderland of discovery that mixes the likes of traditional Chinese culture to the rich heritage left behind by the British Colony.
Being a historically and culturally diverse country, Hong Kong offers much to discerning tourist. With the likes of the Hong Kong Island, Lantua Island and the New Territories, there is much to see and more to do while travelling the country. Acting as a time capsule of history, many regions of Hong Kong Island still hold traits of the British Colonisation, which was present in the country until 1984. Known to the world as a business hub, this great country has many hidden secrets that are waiting to be discovered.
When in the Hong Kong Island, travellers are provided with cultural attractions such as the many festivals that occur throughout the year. These include the likes of the Chinese (Lunar) New Year, Spring Lantern Festival, Moon Festival, Hong Kong Arts Festival, The Man Literary Festival and much more. Furthermore, there are many places to visit, on the mainland as well as the island. Lantau Island offers tourists beautiful beaches, many religious destinations such as the Tian Tan Buddha, Po Lin Monastery along with other recreational attractions such as Hong Kong Disneyland, Lantau Trail for hiking and nature enthusiasts, as well as Inspiration Lake the largest synthetic lake in Hong Kong. Home to Hong Kong’s largest expatriate community, the Hong Kong Island offers many attractions and activities to do while in the island, be it shopping, dining or sightseeing. Hong Kong Island also offers travellers many attractions be it nature or recreation. With attractions such as The Peak, Man Mo Temple, Lan Kwai Fong and many shopping destinations at the likes of high retail outlets or street markets, the island is filled with the hustle and bustle of being a metropolitan.
Visit the endless delights that are waiting to be discovered within this great nation while taking up luxury accommodation in Hong Kong at the likes of the The Langham Hotel Hong Kong. This Hong Long luxury hotel not only offers guests 5 star accommodations but also partakes in offering a truly first class service during their stay.
Pushpitha Wijesinghe is an experienced independent freelance writer. He specializes in providing a wide variety of content and articles related to the travel hospitality industry.
If tranquility and serenity are adjectives you would use to describe the perfect trip, leave Hong Kong out of your itinerary. The boisterous energy of 14 million inhabitants leaves the visitor wondering if insomnia is contagious in this city. Hong Kong is the quintessential representation of east meets west, boasting its own Times Square along with artifacts from the Paleolithic Age. The far-reaching history and booming capitalist economy has propelled Hong Kong to the forefront of modern technology and commerce. The best way to navigate this urban jungle is to allow extraordinary diversions to lead where they may, while visiting a few key sites when you travel to Hong Kong.
From Opium Wars to Opulence: Hong Kong History
Since the Stone Age, the island of Hong Kong has supported a society rich with influences from Europeans and the Portuguese through steady and moderate trade. During the 1700s, increased commercial value of Asian luxury goods sparked heightened global interest in this once-neglected corner of China. Following the Opium Wars of the mid-19th century between the British and Chinese, Hong Kong was officially ceded to the British Empire as a Crown Colony beginning in 1898 for a term of 99 years. During that term, Hong Kong’s economy blossomed onto the international stage to become one of the most prosperous free markets of today. After 1997, Hong Kong was returned to China as a Special Administrative Region under the conditions that the market and government would remain free and democratic (non-Communist) while Beijing would only handle national security and foreign diplomacy (“one country, two systems”).
Today, Hong Kong has maintained a majority of its autonomy and travel to Hong Kong has remained relatively easy for Western nationals. At this time a visa is still not required unless traveling through China as well. English is still an official language along with Chinese.
The Sights and Sounds of Hong Kong Travel
The constant buzz of modern life and the ghostly prevalence of ancient life on the island will keep any traveler occupied without a moment to spare. A unique attraction that pays homage to the Chinese fixation with caged song birds is the Yuen Po Street Bird Garden where 70 different bird stalls, each elaborately decorated, fill the air with their own harmony. From anywhere in the city it is impossible to miss the looming Bank of China Tower, now Hong Kong’s national monument and a modern declaration of China’s mounting role in the global economy. In the center of the city is Times Square, a monumental 9-story shopping complex that dwarfs Western commercialism. Hong Kong museums do not skip a beat, ranging from science and space to history and art.
When the sensory overload of the city center begins to take a numbing effect it is easy to escape to one of Hong Kong’s many parks and monasteries. Victoria Peak is by far the most popular asylum, standing 1,810 feet above the city lights – only to offer more distractions of a smaller commercial district. The famous Man Mo Temple and the Miu Fat Monastery provide a mind-calming sanctuary while Kowloon Walled City Park, which once protected a private Chinese enclave during British rule, is a true natural refuge from Hong Kong’s concrete.
Once in Hong Kong, the city will guide you along its commercial corridors and through its ancient alleys. Tradition and history are alive in every corner of this modern municipality, as long as you can turn away from the neon distractions.
A part of the Guangdong province as well as the Special Administrative Region of China – Hong Kong is one of the most vibrant and intriguing destinations in the world. Hong Kong is also among the world’ most busiest and fast-paced cities.
Hence, no wonder why real estate in Hong Kong is so much sought after. Real estate in Hong Kong is regarded as one of the costliest as well as the lucrative in the world. In other words, buildings and land in Hong Kong form a significant portion of the nation’s wealth and economy. Further, due to its attractive tax system, many international business firms and corporations find their way to Hong Kong for the establishment of their innovative projects. This in turn has led to great demand for high grade industrial and residential real estate in the city.
According to certain records, the cost of residential real estate in the city has gone up to US$ 585 per sq ft. The price is even higher in such posh areas as the Peak – the area between Victoria Peak and Mount Gough, covering spots such as Peak, Victoria Gap, Mount Kellet, Jardine’s Corner, Mount Gough, and Plantation Road.
Nowadays, great choices as well as potential are made available for those who are interested in real estate investment in Hong Kong. Additionally, real estate in Hong Kong provides great benefits to investors. The main advantage is that investing in a property in the city allows you to have access to world’s one of the established markets.
Another worth mentioning benefit of investing in a real estate here is that not any kind of restrictions have been imposed on international investors to buy a property or asset. Further, buying a real estate in Hong Kong is considered one of the best options for long term investment, as it can undoubtedly fetch you huge profits.
Above all, the laws and procedures involved in the process of real estate buying are liberal as well as simple. Once you have found an appropriate property, an Agreement of Sale and Purchase would be signed between the property owner and investor, and this completes the sale procedure.
Hong Kong’s property buying processes are administered by the Conveyancing and Ordinance, which is modeled in the form of English Law. In other words, the real estate law of this Special Administrative Region is quite similar to the one found in the UK, which in turn has attracted many American and British real estate investors.
One of the unique things regarding the Hong Kong Property Law is that all of the land found here belongs to government, ie, each of the real estate in Hong Kong is held under leasehold title. Hence, those who are interested in property investment buy an agreement or a lease for a period ranging from 50 to 999 years.
A real estate or property in Hong Kong can be either solely owned by one person or through jointly by several investors. However, joint investment may be usually in the form of tenant or a joint tenancy. Further, a property can also be owned through a company structure. But, in case, if a company would like to conduct its business through the purchase of a property on lease, then it should be registered with the Hong Kong Companies Registry. In addition, every type of lease should be listed at the Hong Kong’ Land Registry.
Nowadays, a large number of real estate firms and realtors are now there in order to help you find and buy your dream property in Hong Kong, no matter it is single detached home, villa, apartment, office, or industrial space. Many of them render the services of professional lawyers to help you in effectively carrying out buying procedures, such as agreement process, listing on the Hong Kong Land Registry or Hong Kong Companies Registry, tax matters, and negotiation of purchase.
In addition, there are also real estate firms providing steps to arrange mortgages for the purchase of property. But, prior to approaching a service provider, it is important to undertake an investigation with regard to their reputation and the quality of service rendered. Some firms may charge huge fee. Hence, it must be checked for. Apart from other sources such as yellow pages, magazines, and newspapers, the internet also serves as an excellent source to find the most competent service provider in Hong Kong.
Hong Kong is the Special Administrative region of the People’s Republic of China, located on the east part of the Pearl River Delta, with Guangdong Province to the south. Once a typical trading port and later a crown colony of the UK till 1997, Hong Kong has now become one of the leading financial centers in the world.
Al though, a part of China under the policy, ‘one country, two systems,’ Hong Kong enjoys its own legal system, monetary system, and immigration policies. However, the defense and foreign affairs of Hong Kong are administered by the Central People’s Government. When comes to attractions, Hong Kong presents a diverse range of sights, all of which are unique and refreshing. Above all, living in Hong Kong is absolutely safe in contrast to living in other Asian cities.
Nowadays, many large corporations have chosen this former British colony as their headquarters to carry out business activities. Despite its soaring buildings and hi-fi business set ups, Hong Kong offers residents as well as vacationers an unmatched serene tranquility. Probably, for these causes, both commercial and residential real estate in Hong Kong are of equal importance.
Hong Kong residential real estate is regarded as the most lucrative as well as the priciest in the world. The most prominent of Hong Kong’s landmarks, the Peak – officially known as Victoria Peak – boasts of the most expensive residential real estate in the world. With its stunning views, Lilliputian pines, eye catching bamboo and fern plantations, and vines of exceptional beauty, this posh area’s many of the houses, flats, and villas are occupied by top executives of banks as well as corporate giants. A residential property in the Peak costs almost $5,500 per square foot. Further, residential properties in many of the regions in Hong Kong have record prices. As per certain records, a small house in one of the dull areas of the city is more than two million Hong Kong dollars.
Depending upon the requirements of people, a variety of residential real estate properties are available, such as, single detached homes, penthouses, villas, apartments, and flats. There are also special types of residential properties, especially designed for senior citizens, such as Housing for Senior Citizens and self-contained flats developed by Hong Kong Housing Authority – the main developer of public housing in Hong Kong.
Today, people invest in residential real estate due to a myriad of reasons. Mostly, residential properties are chosen for renting out. It is estimated that a residential property in Hong Kong can get you a minimum of HK$ 100,000 annually.
Since many westerners prefer this destination for long stay or to spend a relaxed retirement life, the demand for residential real property has tremendously increased than ever before. However, a residential property can fetch you profits only if your property is located in the city’s posh areas with easy accessibility to almost all facilities and attractions in the area. If a residential property is acquired to sell it after some times, then go for a property located in such areas that have strong potential for growth.
A great benefit of investing in residential real estate it serves as an excellent long term investments, yielding handsome profits. Since Hong Kong’s property value is constantly increasing, you can sell it at a price 20-50% higher than the amount for which you purchased. Likewise, investing in residential property is a great way to earn safe income by renting out. Above all, foreigners can easily invest in residential real estate, as law and regulations in connection to them are quite liberal.
The procedures in connection with the purchase of real estate in Hong Kong are administered by the Conveyancing and Ordinance, which is structured on the basis of English law. One of the features of Hong Kong Property Law is that each of the real estate property found here belongs to government, ie, all property here is acquired under leasehold title. Hence, those who are interested in property investment buy an agreement or a lease for a period ranging from 50 to 999 years.
With a myriad of real estate firms and property builders in the firm, you could easily find your dream residential property in Hong Kong. Majority of them even render the services professional attorneys to perform procedures related to buying of residential real estate. In addition, some of them even arrange mortgages for the purchase of real estate property.
Thoroughbred horse racing in Hong Kong is a pivotal part not only of many lives but it is vital to the economy, contributing massive taxes and being the major supporter of most charities. Thoroughbred racing in Hong Kong is therefore naturally followed far more passionately than anywhere else in the world.
Hong Kong has two race courses, the main one situated at Shatin is a first class track with facilities equal to any track in the world. A big track with both turf and dirt surfaces and a straight 1200m, statistics show that horses get every chance to win from whatever draw.
However Happy Valley where the lesser grade Wednesday night races are held has to be the most spectacular race track in existence. To understand the full impact of this place you need to make the effort to go and experience it.
Situated on the island amidst major housing and retail complexes, Happy Valley is surrounded by the lights of multi level apartment blocks. It is a relatively small track which affords spectators a close up view of the races giving an I can not believe this place feel to visitors.
Tourists can also visit the Hong Kong Racing Museum at Happy Valley, which provides a fascinating historical insight into how the sport has evolved since its mid-19th century beginnings.
Over the last 15 years or so the quality of Hong Kong thoroughbred racing has developed substantially and nowadays it is difficult to imagine a more cosmopolitan racing circuit than can be experienced here. The prize money is so substantial that the champion riders and trainers from France, England, Australia and South Africa all eagerly vie for the few invitations to ride in Hong Kong. In fact the roster of riders in Hong Kong reads like an Academy Award nomination list for the best jockeys in the world.
Fourteen Group 1 races are run in Hong Kong each season, with the Hong Kong International Race day in December being the richest and most important meeting of the year. The Hong Kong International Races are now generally recognized to be the most international event in the racing world and the main meeting point for northern and southern hemisphere thoroughbreds.
Today the international event has been transformed into a set of four races: the Hong Kong International Sprint over 1200m, the Hong Kong Mile over 1600m, the Hong Kong Cup over 2000m and the Hong Kong Vase over 2400m.
The Champions Mile is on April 29, run at 1600 meters over the Shatin turf course and is already part of an international racing series, the Asian Mile Challenge, which comprises the Futurity in Australia, the Dubai Duty Free, the Champions Mile, and the Yasuda Kinen in Japan, all Group 1 races.
The standard of local thoroughbreds has also risen dramatically as can be seen by the number of hotly contested international races now taken out by locals even in the presence of top echelon European, American, Japanese and Australian thoroughbreds.
With a population of around 1,100 thoroughbreds from around the globe, Hong Kong racing works under an easy to understand handicap system, where gallopers gain or lose rating points from their performance on the racecourse, resulting in close and competitive racing.
The Hong Kong Jockey Club has a monopoly on racing and betting in the territory, a holdover from colonial days, and the HKJC is the territories largest taxpayer and charity. Massive betting pools are involved and Hong Kong racing officials understand that it is imperative to share every piece of information there is with the betting public.
The racing club website has easily the best information I have ever seen with full videos and extensive reporting of every race held. Trackwork data, performance history, weights carried, times, everything is easily found and exhaustively detailed.
To summarise, for any thoroughbred racing enthusiast Hong Kong racing is an absolute must see experience. The city is situated on one of the most spectacular harbors imaginable, hotels are plentiful and first class and the shopping and gastronomic delights are legendary.
Dick Aronson has been heavily involved in Thoroughbred racing,breeding and buying for more than 30 years. He has developed his own proprietary software for selecting horses and articles on his work have several times been published in the HK Racing World magazine.Go to Consultlink Thoroughbreds
The Hong Kong Arts Festival was established in 1973. The festival is a platform which gives the visitors a wide array of art programs from across the world. The festival has become an integral part of the Hong Kong Culture. The Hong Kong Arts Festival was the brainchild of Charles Hardy who wanted a festival in Hong Kong that would support the performing arts. He later broached his idea with Sir Run Run Shaw and Sir Kenneth Fung Pin-fan. The Hong Kong Arts Festival showcases local as well as internationally produced performing arts. The festival is held every year in Hong Kong during February and March. The venues include numerous halls and theatres, ranging from small enclosures to large arenas.
The Hong Kong Arts Festival includes events such as the Dance, Drama, Chinese Opera, Western Opera, World Music, Chinese Music, Classical Music, and also Family Choice. International performers also bring their act to the Hong Kong Arts Festival, international artists of the likes of Jose Carreras, Yo-Yo Ma, Shanghai Kunqu Theatre, San Francisco Symphony, New Japan Philharmonic, Paris Opera Ballet, St. Petersburg Philharmonic Orchestra and Wiener Philharmoniker all make their appearances at the Hong Kong Arts Festival. Local artists such as Hong Kong Sinfonietta, Hong Kong Chinese Orchestra and the Hong Kong Philharmonic Orchestra also perform at shows at the Hong Kong Arts Festival.
While travelling to Hong Kong a stay at a Kowloon hotel is best advised. Out of the many hotels in Hong Kong, the Langham Hotel Hong Kong would be a really good place to stay.
Pushpitha Wijesinghe is an experienced independent freelance writer. He specializes in providing a wide variety of content and articles related to the travel hospitality industry.
You will definitely fall in love with Hong Kong its majestic and contemporary skyscrapers, and world famous shopping centers. If you are visiting Hong Kong
for the first time than there are many attractions to be seen and believe me you will not be able to see half of it in the whole of your trip. The Hong Kong exotic places are so vibrant that you will be completely spell bounded with sheer view of it. Hong Kongâs film industry is also most talked about entity all over the world. Its reputation is that ofâHollywood of the Orientâ which is now been set in stone most shimmering tourist attraction is the avenue of stars. For accommodation purpose there are whole lot of hotels like cheap hotels in Hong Kong, discount hotels and luxurious hotels.
Avenue of stars is located on the Kowloon waterfront increasing its beauty is the picturesque harbor. Main reason behind Avenue of Stars is that giving respect to the Hong Kongâs movie industry in contributing to tourism of Hong Kong and making Hong Kong a global name.
Visitors to this free of cost attraction has many takers you can see pavement plaques remembering Hong Kong movie personalities old and new as well as landmark features demarcating the local movie industry’s 100-year history. There are also a hospitable video, sculptures, souvenir kiosks and special lighting that make the atmosphere even more delightful at night. And eye catchy is just not an entrance but also a majestic statue based on the Hong Kongâs movie award statue donated and financed by the Hong Kong film awards association.
The 100 years industry of Hong Kong has helped the tourism industry to cash in a lot as the movies are picturized in clearly Hong Kongâs style. Hong Kong popularity is due to its movie industry which is perfect fusion of eastern and western cultures. Seeing popular locations like the Peak, the harbour front or Lan Kwai Fong on screen stimulates overseas film-lovers’ desire to come and discover these places for themselves. Since Hong Kong is associated with international brand of film making the attraction for tourists gets doubled too. The city is termed as vibrant, scintillating and cosmopolitan.
There is another star attraction that is peak that you will never want to miss it offers an incredible view of by day or night of Hong Kong Island it is accessible via bus or tram. Also you can walk around the peak there is 1 and 1 ½ walk that you can take around the peak .The peak provides tourists attraction it provides birds eye views of the many skyscrapers of Hong Kong.
The accommodation at Hong Kong can be cheap hotels in Hong Kong, discount and
luxurious.
Author is an associate editor of www.a1hongkonghotels.com the website offers exclusive information of cheap hotels in Hong Kong. We provide online hotel reservation for cheap hotels in Hong Kong
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