Nearly half of Hong Kong people are planning to buy a home in two to five years, according to a survey.
However, just 14 percent will do so in the coming year, the Hong Kong Economic Journal reports, citing the survey by Standard Chartered Bank (Hong Kong) Ltd.
The respondents said buying a property is their first priority in the next 10 years, managing director Teddy Wong said.
The survey polled 7,000 people in mainland China, Hong Kong, Singapore, India, Indonesia, Kenya and Nigeria from May to June.
The respondents reported a monthly income of HK$30,000 (US$3,870) to HK$80,000.
Nearly two in five said they are planning to acquire a property in the next two to five years for investment, with 14 percent intending to buy a home overseas.
Only a quarter of Hong Kong people are confident about the economy’s short-term prospects, the lowest among all markets in the survey.
– Contact us at [email protected]