Buying vs renting: Which do Hong Kongers prefer?

In the next two years, 35% of locals plan to move.

More Hong Kongers (35% vs 22%) is eyeing to move in the next two years and those who plan to prefer to buy new homes instead of renting.

According to CBRE, 72% of early millennials (34-41) and 64% of Gen X (42-57) plan to buy new homes, making them the age group with the strongest intentions to purchase.

"Prospective purchasers include young families and professionals with relatively strong financial stability and the ability to buy despite the city's rising mortgage environment."

When selecting homes to buy, buyers consider parcel and food delivery support and dedicated workspaces at homes, which according to CBRE, is a result of hybrid working.

CBRE said only 19% of employees in  Hong Kong are keen on working in the office full-time. This is despite 45% of employees already working fully at the office.