{"id":103010,"date":"2019-01-16T15:00:22","date_gmt":"2019-01-16T08:00:22","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hongkongers-are-financially-unprepared-for-retirement-and-death-exposing-the-risks-of-living-in-the-worlds-most-expensive-city\/"},"modified":"2019-01-16T16:03:16","modified_gmt":"2019-01-16T09:03:16","slug":"hongkongers-are-financially-unprepared-for-retirement-and-death-exposing-the-risks-of-living-in-the-worlds-most-expensive-city","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hongkongers-are-financially-unprepared-for-retirement-and-death-exposing-the-risks-of-living-in-the-worlds-most-expensive-city\/","title":{"rendered":"Hongkongers are financially unprepared for retirement and death, exposing the risks of living in the world\u2019s most expensive city"},"content":{"rendered":"


\nHong Kong\u2019s residents are financially unprepared for sudden deaths, with shortfalls between their intended bequests and income that leave their loved ones vulnerable to the challenges of living in the world\u2019s most expensive urban centre, according to a survey.
\nFor singles who are still working, the shortfall between their income and what they bequeath to their parents can be as high as HK$2 million, while the gap is narrower for unmarried retirees at HK$1.05 million, according to…
\n
\nSource : South China Morning Post
\nRead more…Hongkongers are financially unprepared for retirement and death, exposing the risks of living in the world\u2019s most expensive city<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Hong Kong\u2019s residents are financially unprepared for sudden deaths, with shortfalls between their intended bequests...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-103010","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-qNs","jetpack-related-posts":[{"id":83207,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/one-in-four-hongkongers-cant-ever-afford-a-home-as-a-micro-flat-sells-for-another-record-price\/","url_meta":{"origin":103010,"position":0},"title":"One in four Hongkongers can\u2019t ever afford a home, as a micro flat sells for another record price","date":"March 20, 2018","format":false,"excerpt":"\r An apartment unit slightly bigger than a standard shipping container sold in Hong Kong for HK$7.86 million (US$1 million) this week, as a survey showed one in four residents in the world\u2019s most expensive city said they do not ever hope to afford owning a home in their lifetime.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":133508,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/are-foreclosed-homes-the-answer-for-hongkongers-priced-out-of-the-worlds-most-expensive-property-market\/","url_meta":{"origin":103010,"position":1},"title":"Are foreclosed homes the answer for Hongkongers priced out of the world\u2019s most expensive property market?","date":"December 31, 2022","format":false,"excerpt":"\r Foreclosed properties, sometimes discounted by up to 20 per cent, are rising in number and may offer a way on to the notoriously expensive property ladder. However, there are risks.\r \r Source : South China Morning Post\r Read more...Are foreclosed homes the answer for Hongkongers priced out of the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":100670,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/surge-in-hongkongers-walking-away-from-new-home-deposits-as-confidence-wanes\/","url_meta":{"origin":103010,"position":2},"title":"Surge in Hongkongers walking away from new-home deposits as confidence wanes","date":"October 30, 2018","format":false,"excerpt":"\r The number of Hong Kong homebuyers walking away from new home purchase agreements \u2013 and the 5 per cent deposits used to secure their applications \u2013 has surged to a record high, reflecting growing bearishness on the outlook for the world\u2019s most expensive property market. Since the start of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":110993,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hongkongers-pay-a-price-for-their-low-taxes-through-the-worlds-most-expensive-homes-and-smallest-living-space-heres-why\/","url_meta":{"origin":103010,"position":3},"title":"Hongkongers pay a price for their low taxes through the world\u2019s most expensive homes and smallest living space. Here\u2019s why","date":"September 23, 2019","format":false,"excerpt":"\r For two hours a day in the past fortnight, Edward Chan hung around after work at the Prince Edward metro station in Kowloon.Teenagers continued to gather at the station, and Chan, who works in logistics, found himself acting as their counsellor, dispensing advice to the youth.Hong Kong \u201cis rotten\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":105175,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/long-commute-cost-of-property-and-health-care-just-some-of-the-concerns-keeping-hongkongers-from-living-in-zhuhai\/","url_meta":{"origin":103010,"position":4},"title":"Long commute, cost of property and health care \u2013 just some of the concerns keeping Hongkongers from living in Zhuhai","date":"March 20, 2019","format":false,"excerpt":"\r Alan Lau is among early birds with licences allowing use of the Hong Kong-Zhuhai-Macau Bridge. He got the licence, which cost him HK$400,000 (US$50,959), early last year.The route saves him two hours. \u201cI go to Zhuhai every week now. It presented a headache for me previously, and I would\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120796,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/coronavirus-hong-kong-luxury-property-awaits-shenzhen-border-opening-for-the-next-leap-upwards\/","url_meta":{"origin":103010,"position":5},"title":"Coronavirus Hong Kong: luxury property awaits Shenzhen border opening for the next leap upwards","date":"June 23, 2021","format":false,"excerpt":"\r An influx of mainland Chinese buyers into Hong Kong\u2019s super-deluxe developments since early this year could further fuel home prices in the world\u2019s most expensive property market, and the trend will become more obvious once the border open.Buyers who settled in Hong Kong from mainland China, dubbed \u201cnew Hongkongers\u201d\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/103010"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=103010"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/103010\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=103010"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=103010"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=103010"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}