Living in Hong Kong doesn’t come cheap. This city has been home to the rich and famous for a long time but now it seems to be losing its luster. Recent survey showed that Asian millionaires now prefer living in Singapore than Hong Kong because it’s continuous increase in cost of living. Jakarta, Singapore and Shanghai topped the survey in terms of property investments. These cities all have a “Fair” amount of living costs compared to Hong Kong. Singapore being the lead (to the richer people) because it has always been a safe place to raise a family. Hong Kong is more likely known for it’s very business-like and modern setting. The lack of “homey” vibe does not appeal to people who are raising a family/ would like to start a family. The crowded city also doesn’t impress education wise and this is a major factor. Unlike cities like Singapore, Jakarta and Kuala Lumpur.