Hong Kong Home Owners Now a Minority as Prices Keep on Rising
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For the first time in almost two decades, home owners are in the minority in Hong Kong, underlining the city’s status as the world’s least affordable property market.
Only 49.2 percent of domestic households in Hong Kong were owner of the quarters they occupied as of the end of 2017, the lowest since 1999, according to data released by the Hong Kong Census and Statistics Department this week. The value peaked at 54.3 percent in 2004.