HK property market | New film series addresses sky-high prices

Maybe you can inform me if you have a flat [that is] a little cheaper than that…” said 20-year-old apartment-hunter Jenny Wong during a call to an estate agent in a new short film series addressing affordable living spaces in Hong Kong.
Wong makes the statement optimistically, but her contorted eyebrows and frowning expression tell the audience that she thinks it is unlikely.
Featuring beautiful panoramic scenes of Hong Kong’s city skyline, the new amateur series “HongKonglicious” attempts to bring 20-somethings face-to-face with their fears of finding affordable housing in Hong Kong.

People look at the view from Victoria Peak, Hong Kong

People look at the view from Victoria Peak, Hong Kong

A sneak peek video uploaded to Facebook apparently hit a nerve with social media users, earning over 56,000 views since it was uploaded last week.
As reported in the Times last week, Hong Kong property prices have declined this year and sales are hovering near a 25-year low as the city grapples with a slowing mainland economy. Nevertheless, the cost of apartments in the center of the city remains sky-high and out of reach for many young people.
When compounded by high population densities and traditional multigenerational households, excessive and out-of-reach property prices can lead to a feeling of entrapment and claustrophobia. This feeling is increasingly articulated by a disillusioned youth, and clearly portrayed in “HongKonglicious.”
“If you’re not rich in Hong Kong, life can be a hell-hole you can never get out of,” says 27-year-­old character Thomas Koo in the preview clip, “a trap that keeps laughing at you.”

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