Jun
06
Divorce Is Pushing Hong Kong’s House Prices Even Higher
ByHong Kongers’ matrimonial woes matter for property prices
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Hong Kong residents increasingly seek new partners in China
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Divorce surge adds pressure to lower end of housing market
The usual suspects for Hong Kong’s sky-high property prices are low interest rates, a housing shortage and demand from mainland China. But there’s another unforeseen factor: divorce.
Demand for separations and remarriages have accelerated sharply over the past two decades as the former British colony has deepened its integration with the mainland. That’s according to Richard Wong, an academic at the University of Hong Kong and a veteran analyst of the local housing sector…
