Unaffordable dream: Owning a house is difficult, if not impossible. Over the past decade, Hong Kong’s residential property prices have skyrocketed by 242%. - Photos: Reuters
YOUNG people have been at the forefront of continuing protests against a proposed extradition Bill that have shaken Hong Kong. At the root of the turmoil is concern over what many people see as the inexorable erosion of civil liberties and the city’s autonomy. But many young people in what is one of the world’s most densely populated and expensive cities are also infuriated by sky-high living costs and a feeling that a home of one’s own will never be more than a dream.
Over the past decade, Hong Kong’s residential property prices have skyrocketed by 242%, and for the ninth year in a row, the city’s property market has been rated the world’s most unaffordable.
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