‘Money in 30 minutes’: why it gets ugly for Hongkongers turning to loan sharks


When his grandmother died, Hongkonger Fai Chan inherited her flat, a 377 sq ft unit in eastern Kowloon valued at HK$3 million (US$382,000) in 2023.

Before it could be his, however, the fire protection engineer had to pay a HK$1.2 million premium to the Housing Authority, a sum he did not have.

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Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

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Annual Plan

RM 12.39/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

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SCMP , Hong Kong , Daily Life , Loan Sharks , Big Issues

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