Hong Kong ranks world’s No 1 for ‘most unaffordable’ housing
Soaring property prices in the past few years have given Hong Kong the title of most unaffordable housing in the world for the fourth straight year, according to a survey of 360 cities by US-based consultancy Demographia.
The survey reported that Hong Kong’s median home price was more than HK$4.02 million, while the annual median household income of HK$270,000 was nearly one-15th of the home price.
