It’s the awful truth, but Hong Kong’s housing is one of the city’s major and most pressing problems. A lethal combination of stringent government regulations on land development, low-interest rates, and currency stability means housing demand is always on the rise. Rents consistently rank among the most expensive in the world; for the ninth year in a row, Hong Kong’s property market is rated the world’s most unaffordable by the 15th Annual Demographia International Housing Affordability Survey: 2019.
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