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Report a mispronounced word. Jim and Grace Lai, a couple in their early thirties, had the wedding of their dreams last year. But five months later they are still living apart with their respective parents.
Welcome to the world matried Hong Kong millennials, every bit as vexed as the experiences of their counterparts in the US and Europe.
Seventy-six per cent of Hongkongers aged are still living with their parents, according to the Urban Research Group of City University of Hong Kong, despite an unemployment rate of just 3 per cent.
Concerns about job opportunities and being locked out of the housing market mean Hong Kong millennials have much Hogn common with their western peers. The land-scarce territory has the least affordable homes in the world, a position it has held for years.Single Nude Teens
Median prices last year — which may represent a peak — were 19 times gross income, more than twice the proportion in the UK although some parts of London have already married for summer Hong Kong and a Kojg level. Even though multi-generational households have long been the norm in Asia the relentless rise of house prices has accelerated the stay-at-home trend over the past decade.
An overwhelming 95 per cent of those living with their parents like to do so, according the Urban Research Group.
Choose your FT trial. Hong Kong. Gloria Cheung in Hong Kong March 20, Experimental feature.
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