Property News · April 7, 2020

Hong Kong’s wealthy ‘silver seniors’ create gap in market for high-end elderly homes


You probably know that Hong Kong’s population is ageing. But are you aware of the true scale of the phenomenon? According to the Census and Statistics Department, Hong Kong’s elderly population will double from 1.16 million to 2.37 million between 2016 and 2036, when one in three people in Hong Kong will be 65 or older. What’s more, many of them are already wealthy. A 2018 Citibank survey revealed that over 511,000 people in Hong Kong have net assets of more than HK$10 million (US$1.3 million…

Source : South China Morning Post
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