As Home Prices Soar, Couples Drop Family Plans

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

"); });
2018-06-22 HKT 17:10
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.
TOPPAN Edge And Partisia Partner For Fully Privacy-Focused Digital Identity Solution
TOPPAN Edge is partnering with Partisia to develop a fully privacy-focused digital identity using Partisia’s Decentr... Read more
Livi Bank Achieves HKD2.9B In Customer Deposit Growth
livi Bank reported a total operating income of HK$220 million in 2024 in its latest annual report results, marking a 76... Read more
OSL And Ant Digital Partner To Drive Real-World Asset Tokenisation
OSL Group (863.HK), a publicly listed company for digital assets, and Ant Digital Technologies signed a Memorandum of U... Read more
WeLab Bank Hits Profit In 2025 With HKD750M Revenue
WeLab Bank achieved profitability in Q1 2025*, continuing from 2024 when it achieved breakeven within four years of its... Read more
Adoption Of GenAI Rises In Hong Kongs Financial Sector, Though Focus Remains On Internal Operations
In Hong Kong, financial institutions are increasingly adopting generative artificial intelligence (genAI), aiming for e... Read more
HKMA Forms CargoX Expert Panel To Modernise Trade Finance
On 28 April 2025, the Hong Kong Monetary Authority (HKMA) announced the creation of an Expert Panel on Project Cargox. ... Read more