Property News · November 9, 2017

Would you buy your children a flat in Hong Kong? Seven out of 10 parents in the city say they would


Seven out of every 10 Hong Kong parents are willing to give their children financial assistance to buy a home, according to a survey released on Thursday.
Parents who have already done so have forked out an average of HK$900,000 to help their offspring onto the property ladder, while one generous parent contributed HK$10 million, the survey by AIA MPF found.
The findings underline how the “Bank of Mum and Dad” has become a major source of funds for young first-time buyers in the…

Source : South China Morning Post
Read more…Would you buy your children a flat in Hong Kong? Seven out of 10 parents in the city say they would

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