More Space, Lower Bills: Hong Kong Residents Are Moving To Retire In Mainland China | Money Mind
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- เผยแพร่เมื่อ 21 ก.ย. 2024
- More Hongkongers are making the move to the mainland in their old age. Is it just because of a lower cost of living?
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She looks really good for her age.
how old is she ?
@1:25 She is already close to 60.
I thought she was in her 40s!
@@BigJoe-g3o
They said closing in on 60! I thought she was 40s!
Lots of asians look younger than actual age. Have you heard of this phrase : « Asians don’t raisin »? Asians have better skin, that makes a big difference.
SG government is very creative. Our retirement is at the work place.
🤣🤣🤣
People are realizing that HK is an overrated inflated place when Mainland opened it’s borders for foreigners and HK citizens. Some of my HK friends works in HK and lives in Shenzen, approx 15 mins train ride via the HSR
For the last part, when Mandy said that spending without using a calculator makes her happier, rather than looking what is left then only spend is spelling out disaster.
I definitely don't spend HK$500 a day. If she included rent, utilities and transport that figure is accurate but for daily expenses like food and entertainment then she's out of control financially.
@@robocop581 Like it or not, she just have to sit down and do the math.
I do mental math.
It just means she doesn't want to have to calculate every single little thing. I'm sure she's still counting the big expenses.
Yes,she still counting but not extreme no headach but less worry and in control.that is what i think of her.at least she is in a mission.i think that is what life is about.❤😊
This lady looks amazing for almost 60!
No marriage, No children
@CNA please do one for SG also. Many are considering moving to JB due to high prices
where's JB?
Lolol.... It won't be that easy. The ultra nationalist politicians would be freaking out at the prospect of a sudden huge influx of Chinese. Yes you can't vote. But think about it. When you come, you are most likely going to end up marrying a local. And every new sweet bundle of joy will be a vote for the opposition party in the future.
This is because Singaporeans also benefit from the higher Singapore dollars and to spend in Msia you get better value. As things stand, prices in Msia be it food and properties are really really less pricey than Singapore. But with influx of outsiders, really it drives up prices which bites really into the locals purses. Real sad
@@randomname931Johor Bahru
They will never do one because it will put the government in a bad light. According to them, everything is perfect in Singapore. This is why CNA has to bring its "investigative journalism" and sh!t stirring to other countries.
I spent 26 Canadian for a pathetic bowl of ramen here in Toronto 😢
Frankly speaking, things cost too much in Canada nowadays. Crimes, drugs, stealing cars, and unemployment all make living in Canada not as good as in the 70-80/90s! Heavy taxes and poor transportation, deteriorating medical services (not enough family doctors!) and inconvenience in many aspects in life, thus making Asian countries far better choices for retirement. Also, it is even tougher than HK to earn and save money in Canada, unless people earned enough money and no need to worry about money there.
Yep...and paying crazy income taxes, HST, property tax (if you are lucky), capital gain tax (if you are lucky again), CPP, extended CPP (if you are even luckier), EI.....at the end all that, there is nothing left
@@F_e_l Actually for young generations, not easy to land on good jobs after sending kids to attend good universities. Many end up doing frontline service work. Hope the situation gets better in Canada, but in the long run, it is still tough to live in Canada because Trudeau's government ruined Canada already over 10 years by now. It is not easy to turn around at least within these 3-5 years.
I am a Westerner and would move to China and retire there if I could. The quality of life for the elderly, and the respect they get is unmatched in the West. Here when people get old they are looked down on. In SEA countries they are more respected. I envy this lady for being able to move to mainland China, and wish her good luck.
Welcome 😊
She is 60!!????
Good genes or she is self advertisement as beautician 😅
She is a beautician
Grrr. Milf 😊
@sanchocomilk Almost 60…. 😂😊. Yes - the lady looks amazing for her age.
she wouldn't be a very good beautician if she didn't look much younger than her age. Plus she has access to the best skincare products right at work.
This is really the best arrangement for HKers. There are very few places were you can retire and basically retain your culture, language, food, custom and yet stretch your money so much farther.
This is also good for the new place as new money and consumption is coming to the region. This will also help further develop the region.
For us, Americans, would be like having Mexico o Costa Rica in our suburbs....and just be one car ride away from "home base".
After >4000 views, surprised that no one come and compare HK & China to SG & MY...
and of course, it is NOT comparable.... Hongkongers are Chinese citizens. Singapore and MY are 2 very different countries...
Just apply mm2h/pvip
For economic comparison, Hong Kong is effectively a separate country. They have a separate currency (HK$) and thus different purchasing power compared to mainland Chinese. So it’s not quite like other cities in other countries.
@garyish huh?
Many hkers also retire in Malaysia too due to a large Cantonese community but gba is probably still preferred
I really admire Hong Kong people. They adapt to any situation without complaining.
this is the future of SG 👏🏻👏🏻
If you own a residence in HK which 69% do then retirement is very affordable. To those that are still renting at the age of 60 and about to retire then it's better to move elsewhere.
the last census data on home ownership in HK in 2021 has home ownership at 51.5%, how did you come to 69%?
@@pastasoo15.7% own public housing. 52% are private homeowners. I used to rent a public housing flat when I arrived in HK. I was paying the owner of that Public Housing flat $6,000 a month.
The waiting time for a Public Housing Flat is a little over five years
@@robocop581 Reread that information again because you don't seem to understand at all. It says around 52% LIVE in private housing, it doesn't mean they OWN the private housing, a large percentage of them are renting in private housing. That's why the last statistic rounds out the home ownership rate combined in private and public housing to be 51.5%
i always think about that kind of situation.. A city which once affordable for you, no longer affordable for the old version of you.. It's just like a house that once belong to you now become someone's else.. It's like you're getting kicked out off of your own house and all your stuff that contain your memories is taken away from you...And actually it literally is.
I also hear lots of young HGers also going to mainland bc they can buy a place for a fraction of the price. And still plenty of opportunities to make $$
Ms Mandy looked so young …….
how old is she ? 45 ?
You know what's funny? CNA just did a report on youths in Mainland China not being able to afford retirement. Now CNA is doing a report on HK people moving to Mainland China so they can afford retirement. Doesn't CNA realize that it's contradicting itself?
HK's affordability problem is self-inflicted. They let capitalists run rampant, especially property tycoons who pump up property prices into the stratosphere. When Mainland China tries to avoid HK's fate by proactively popping its property bubble, CNA makes a doom and gloom report of China's economy collapsing.
it's not really contradictory because youths aren't making as much these days whereas this mama is rich.
I just watched that one too! It was a ridiculous piece of “reporting”
lets just hope they like living in tofu dregs
There is clear difference - the Hong Kong'er has assets from a life in a high cost country, which she can sell and relocate to a lower cost country to retire. This is similar to alot of foreigners are doing by retiring in Indonesia and Thailand. Costs in Hong Kong are high, because the land size is very small population is high. Supply and demand, not some evil capitalist antagonist, is at play.
As stated by the other comment, the youths in China arent making as much and find it tough to find high paying jobs after graduating. Its two seperate issues.
😂😂😂 younger generation of HK, SG and most of the countries are strawberry 😂😂😂 when we young we never complain just work and work and some have 2nd job to bring food on table. We no complain about work life balance. Now we in the 50 very happy that we have properties and a sufficient savings and cpf to safe guard our old age. I intend to work till no body want me. Retirement is a sinful word.
She doesn't want to use scientific calculator. she wants to use basic calculator.
She should be able to fit in on mainland. She speaks Cantonese and that's spoken in Guangdong on the other side of Hong Kong.
CNA does so many features about HK. Why this focus? Is it because we are in a similar situation? Or is a focus on policies being made or not being made? Is this to highlight what we have now? However HK has 1 major difference vs Singapore. They are sovereign state/country to a super power nation. We are not. We also have the ability to make ppl think car ownership is an entitlement for 10yrs. Mandy will have to work for a minimum of 3.5yrs w/o any other expenses to get to be entitled. It is sad that after working hard and contributing to nation building. We are told to go elsewhere for retirement. Where is my homeland?
China for hong kongers is like mexico for US retirees. But even closer. Cheaper everything but can go visit birthplace in 1 hour. 😂🎉🎉
ya. same level of freedom anyway. choose cheap everything.
u can just mention is like Malaysia for Singapore. 1 million can live like king just across the border.
is even cheaper as compared to jb-singapore plus for them they are of the same race same culture same nationality .
Swiss to Germany. Mainland is technology advanced
@@zerase84 unless they go universal basic income lol
Same as here. Wonder why some celebrities already moved to JB to stay.
mainland where the same as jb , jb is like crime ridden place
*She should consider move to SG*
Now is NEW HK, Fully Mainlandized‼
Is CNA sold to some US company? Why is the conversion in USD and not SGD?
because the USD is the world standard
@@BigJoe-g3o of course, the printing never stops
if im not wrong... CNA has always been foreign owned .. its not a local company..... but populated with sgeans ... thus giving people the impression.... its a local company representing sgean😂😂😂
How about medical in china? Everything needs to be upfront paid otherwise you won’t get any treatment chance. And also no subsidy from gov
Same as every place in the world then?
Go India better if cost of living is the issue
Then language is an issue for them
india has the lowest standard of life...not definitely a good choice for her
Mandy has very clear Cantonese. She should teach Cantonese online.
Please lah, all hongkees speak cantonese well, its their native tongue. Schools conduct leassons in cantonese, its almost hongkong national language
I have lived in Hong Kong for 5 years and I think that is true
I'm 45 years old. I would love to quit my job and move into the China retirement home.
SG people retire at JB, HK people retire at China, so much similarities.
It makes sense to retire in a lower cost place.
Like Singaporean as well.
Next episode: Why Singapore citizens and PRs are rushing to get the Malaysian VEP to drive in and retire in tax free special economic zone like Forest City
Its like singaporeans making a move to jb
singaporeans also moving to malaysia and thailand
it is really the Chinese in HK not doing good urban planning. and everybody chasing $ over quality of life. I am sad to see this, eventhough my fam left HK in 1980, and grew up in the US, my heart will always feel for the ppl in HK.
Housing and rental equally as high as Singapore !
nice to hear cantonese!
i would say that Singapore is also heading in this direction. People are going to suffer more and more.
Canada is even slower lol
She should hold on to the hand rail coming down the stairs with a phone and two bags.
Sg may need to face a similar situation in future
😢Singaporean limited to save $, by purchase from Johor.
Very lucky able to have alternative choice for retirement.
Are the earnings 30k monthly before or after deduction for tax, insurance, etc?
It is also happening in Singapore isn't it? Johor/Batam for Sinkies. It is the same.
Different lah! They are one china. We are 2 different countries, unless u want one Malaysia😅😅😅
The old lady seemed like she was lying about the meals through her teeth ...
It's funny to see people from a countries with 'high currency money" to barely survive in their own country.
Over my dead body to move to China. Good luck to her.
She already lives in China, just not the mainland.
or face racial discrimination in the West, choose your poison. typical HK ignorant attitude...
@@freemagicfun hong kong is not china. it's a part of china.
Singaporeans moving to Sentosa
Today , aprox pork price per KG Sing$ 5.31 in Shenzheng China .
深圳生猪价格和猪肉价格(KG) RMB
外三元 23.50
内三元 24.50
土杂猪 23.50
白条肉 31.80
精瘦肉 35.80
Better infrastructure, better services like cab hailing and food delivery, cleaner , less cramped living space , lower prices for everything, safe 24/7 , many places for travel , better and cheaper food. Overall way better quality of life.
Meh. HK has great infrastructure and Healthcare. And please don't think we all live in caged flats in HK. Many of us are living just fine. HK is also a very safe city, my kids started taking public transport alone at age 11, that's how safe HK is
@@robocop581 Ah 1200 sq ft is nothing in China, I’ve lived in HK for 8 years in a very large flat (1200 sqft) and high income ( 80k in 1991 ) etc. For the same $ I live many times better in GZ , my son went on a plane @ 8, public transport @ 9. Normal. We have a 2000 sqft apartment etc. HK infrastructure is nothing compared to China. 50% cars are EVs , electric buses , E bikes , high speed trains etc. 50k in China gives you the same lifestyle as 150k in HK.
@@robocop581 The key is in services , Meituan has thousands of restaurants delivered to your home for Rmb5-10 , DiDi you can hail a cab for Rmb15-30 for most rides , a handyman can come to my house and fix everything for Rmb150-300 , package delivery even out of GD province is Rmb15-25, I can go on forever lol. Parking Rmb10/hr. Who goes to HK these days ? My maid ( serious ) . Others are going Japan , Sing, Aust , Canada etc. HK has lost its edge.
@@robertwang7825 Have you lived in HK? You're talking like it's a 3rd World Country. Delivery services are minimal to me as I like to go out and see people. BTW, we only pay 6% income tax in HK and we can access Facebook and TH-cam. Try matching that in the Mainland. As for Canada, are you kidding me? Their public transport is old, slow and they suck. Have you seen the crimes in public transport in Calgary, Winnipeg, Vancouver and Toronto?
@@robertwang7825 Uhmm..... I own seven properties including a large house in Canada so 2,000 sq ft is nothing. If you think China is better good for you but I love HK as it's like New York Wild Wild West feel.
😥Singaporean less option to save $ after retirement
Don't live long.
Is this news promoting retirement in GBA⁉
How much these people were paid to act inside the documentary?
They all part of 1% elite banking plans
She looks 40
As for Singaporean, Mainland Malaysia is a retirement home.
You can come retire in Malaysia, but nowadays everything in Malaysia is costly
😂😂😂😂😂 新加坡人來馬來西亞退休 還有面子嗎
@Namewee4896 Why not? There is MM2H program in Malaysia. Malaysia welcome Singaporean to retire here.
@@truthful3777 lets be honest, to retire in Malaysia actually not worth it. You will see how costly it is
@@shahirashamshulanuar3511 With SGD1 to RM3.30....They live a comfortable life. For instance KFC cost RM16.49 equal to Sing5.08 . With the wages the same value or maybe higher say a General Worker wages of RM3K and if work in Singapore is Sing3K then the KFC snack plate is only LiKE RM5.08 only. It's so cheap to them. A decent dnner for family of 4 is RM100 to Singaporean around Sing30 just like RM30 only to them. Can.you see?
Too expensive living in HK. Migrate to Singapore better
Isn't Singapore just as expensive?
Mandy女士如果觉得大陆医疗不好的话，就别“委屈”自己去了，留在自己熟悉的地方更快活
Pap is telling all sinkies thru it’s cna mouthpiece to go bumiland n donch stay in sinkiand to give them problems.
Ya, what the oppie had said?
Same prison, why not?
Where's your prison?
You watch too much Western propaganda. 😂
You should move to the UK quickly.
@@robocop581trump dungeon
want to spend everything in the wallet , lol this lady , for real ??
MAI GAY GAY LA , ELECTION ARD THE CORNER LIAO
07:21
Clearly shows why she’s in this situation if she isn’t one to plan properly and spends as she pleases .