With Hong Kong’s skyrocketing property prices, purchasing an apartment seems like a mission impossible!
A survey conducted by the University of Hong Kong interviewed 1,600 Hongkongers aged 21 to 60 found more than half (54 per cent to be precise) of them lack confidence in purchasing an apartment within the next ten years.
It was also found that less people were interested in purchasing flats, with the proportion decreasing from 26 per cent last year to 15 per cent this year.
Finance experts claim that Hongkongers’ diminishing interest in purchasing flats is caused by surging property prices as well as business environment, tax and family factors.
Source: Sky Post
Photo: Andreas., Flickr
