Property News · August 20, 2018

Nearly half of Hong Kong flats rent for US$2,550 a month – 70 per cent of median household income


Candy Lau knew she would have to pay high rent for her new walk-up studio in Hong Kong. But she was not expecting roommates – a bunch of cockroaches.
“I came to realise that the housing market is expensive and I cannot be that demanding,” said Lau, a 28-year-old account executive. “I had to be flexible with my criteria and budget.”
Lau felt she needed to lower her expectations after a two-month flat hunt in Hong Kong, where nearly 44 per cent of rentals now cost…

Source : South China Morning Post
Read more…Nearly half of Hong Kong flats rent for US,550 a month – 70 per cent of median household income

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