Cleaner Suen Wai-keung*, 57, has been waiting 16 years for a Hong Kong public housing flat, but does not expect to hear good news about his application any time soon. Earning about HK$12,000 (US$1,540) a month, he spends nearly a quarter of his income, or HK$2,900, on renting a termite-infested cubicle in Sham Shui Po,…
Investors who applied to Hong Kong’s relaunched cash-for-residency scheme included some who may not stay in the long run but sought the status as a “stepping stone” for their business ventures or children’s education, immigrant consultants have said. The government reintroduced the Capital Investment Entrant Scheme with revised criteria in March, opening back up a…
To buy or to rent – that has become a big question for locals as well as new arrivals to Hong Kong. Rents are set to shoot past the previous peak in August 2019. Robust demand comes from newly arrived residents, and potential buyers waiting for interest rates to drop are sitting on the sidelines….