As Home Prices Soar, Couples Drop Family Plans

"); jQuery("#212 h3").html("

Related News Programmes

"); });

2018-06-22 HKT 17:10

Share this story

facebook

  • A new survey found 53 percent of couples did not want to have children. Image: Shutterstock

    A new survey found 53 percent of couples did not want to have children. Image: Shutterstock

Housing prices and high rents are driving more and more people in Hong Kong to decide against starting a family.

A survey among couples in the city has found that people's desire to have children has hit a five-year low, with 53 percent of those polled saying they do not plan to do so.

The reading in last year's poll was only 28.5 percent.

The Hong Kong Women Development Association said expensive housing was cited by an overwhelming 83 percent of people as their main reason for deciding not to have kids.

A majority of those in the survey said their earnings were not sufficient to meet the financial burden of bringing up children, given the rent and other expenses they would have to meet.

The association said an increased supply of public and subsidised housing could encourage people to have children.

The survey polled more than 800 men and women aged between 20 and 49.

It also found that men now are more inclined to have children compared to women, reversing a five-year trend since the annual survey began.

RECENT NEWS

OCBC Plans Hong Kong Wealth Expansion With Up To 50 New Bankers

OCBC is expending its wealth management team in Hong Kong by 30% this year to meet growing regional demand for investme... Read more

Hana Financial To Acquire US$669M Stake In Dunamu, Deepening Crypto Push

Hana Financial Group has agreed to acquire a 6.55% stake in digital asset operator Dunamu. The transaction is valued at... Read more

Reap And TerraPay Partner To Expand Cross-Border Payouts Via Local Payment Rails

Reap has partnered with TerraPay to expand its cross-border payout network using domestic clearing systems. The integra... Read more

Tencent Fintech And Cloud Services Lift Q1 2026 Revenue 9% To US$8.68 Billion

Tencent reported a 9% increase in revenue from its fintech and business services division for the first quarter of 2026... Read more

Ant Group Profit Falls An Estimated 79% As AI And Payments Spending Rises

Ant Group saw an estimated 79% decline in quarterly profit as the company accelerates its spending on AI, large languag... Read more

Alibabas Cloud Revenue Jumps 40% As AI Investments Pressure Profitability

Alibaba Group has released its financial results for the quarter and fiscal year ending 31 March 2026, reporting a 3% a... Read more