Hong Kong may be the most expensive city in the world to set up an office, buy a luxury home and open a retail location, but it also offers surprising values for the budget traveler. For every five-star hotel, Michelin-starred restaurant and luxury emporium, there is a budget guesthouse, hole-in-the-wall noodle joint and back-alley marketplace waiting in the wings. Don’t believe us? Check out our Budget Hong Kong series, which ran earlier this year and featured ways to enjoy the Chinese special administrative region on a shoestring.
One trick is to venture beyond the heavily congested districts of Central, Causeway Bay and Tsim Sha Tsui, which tend to cater to the expense accounts of the business and finance set. Take a pilgrimage to the Olympian City mall in West Kowloon for a taste of Chef Mak Kwai Pui’s famous Michelin-starred dim sum at the newly expanded Tim Ho Wan. Or, head to the less-touristed Southern District to trek the famous Dragon’s Back, named Asia’s best urban hike by Time Magazine.
Though it is traditionally known as finance hub, Hong Kong has also emerged as a world-class center for contemporary art. The city held six art fairs in 2012, including the renowned Art HK, and this year sees the launch of the inaugural Art Basel Hong Kong, which will bring together artists and collectors from around the world in May. While purchasing the artwork may cost a pretty penny, the cost to attend and appreciate is minimal.