Pricey property leaves Hong Kong families struggling to buy own home


  • World
  • Wednesday, 11 Oct 2017

HONG KONG (Reuters) - When Hong Kong Chief Executive Carrie Lam officially announced a new "Starter Homes" scheme on Wednesday to help middle-class families own their first home, 27-year-old bank employee Jeffrey Chan was left unmoved.

The combined income of Chan and his fiance is about HK$7,000 (£680) short of what they need to qualify to buy a subsidised apartment under the new scheme. They will have to continue renting for now.

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Billed as RM148.00/year

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