About 60 percent of students expect to spend more than HK$2,000 each to prepare for the start of new academic year in September, a survey finds.
The amount will be spent mostly on textbooks, uniforms, supplementary exercise books and other study tools, according to the survey conducted among 505 students aged 12 to 26 at the apm shopping mall in Kwun Tong, the Hong Kong Economic Journal reports.
Close to 70 percent of the respondents estimate a 20 percent increase in expenditures for the new school term.
Wan Ka-ki of Kwun Tong Methodist Social Service, the organization that analyzed the results of the survey, said many underprivileged families are forced to cut their budget for food and clothing to be able to buy textbooks and other school requirements.
Sun Hung Kai Properties’ flagship shopping mall in East Kowloon, apm is currently holding a book fair offering discounts on textbooks and school supplies starting at 9 p.m. every night until Aug. 23.
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