Date
24 October 2017
Affording a home is becoming a major hurdle to marriage among young Hongkongers. Photo: HKEJ
Affording a home is becoming a major hurdle to marriage among young Hongkongers. Photo: HKEJ

High property prices deter Hongkongers from marrying

High property prices have become one of the obstacles to marriage for young Hongkongers, Ming Pao Daily reported Monday, citing a survey.

Caritas Family Crisis Support Centre interviewed 174 residents of the city aged between 20 and 50 in January and February.

It found that 70 percent of those in a relationship believe they have to buy a home before they get married.

Nearly 40 percent said they would like to delay getting married if they cannot buy the property within five years.

Most of the interviewees in relationships have to work more than 13 hours per day or do part-time jobs to earn more money to try to afford the rising property prices.

The report cited the example of Ah Lung, 26, and his girfriend, Yan, 24, who have been in a relationship for nearly three years.

To try to buy a property before getting married, Ah Lung has work part time in convenience stores in addition to his permanent job in shipping. He sleep for only three or four hours per day.

The couple have savings of HK$150,000 (US$19,350) and aim to save HK$400,000 for a down payment within three years, the paper said.

Ma Wing-yee, a social worker at the center, was quoted as saying that young people face pressured from the high and rising  property prices.

She said 20 percent of the people who called the center for help were having problems buying a home.

Ma said couples should consider their financial ability when contemplating the purchase of a property.

They should spend more time and energy on cementing their relationship to keep it healthy.

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