Surge in divorce rates adding fuel to frenzy in HK property market
Both members of a former couple can end up on waiting lists for public housing, with private homes proving unattainable
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Hong Kong
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 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.
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