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Hong Kong breaks record for least affordable housing

residential housing
REAL ESTATE. Mass residential housing in Tseung Kwan O, Kowloon, Hong Kong, October 31, 2015. Photo by Alex Hofford/EPA
Data show a 40-square meter flat costs more than US$750,000, making housing ‘severely unaffordable’

HONG KONG, China (Jan. 25, 2016) — Hong Kong has the least affordable housing of 87 major global cities, with prices a record 19 times average pre-tax household income, a new survey said.

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