Hong Kong Real Estate Ad. Postcard

Hong Kong is *the place where it’s the hardest to afford a home. The house price-to-income ratio of Hong Kong indicates that the median home costs the equivalent of 20.9 years of the median household income. On the other hand, the Gini Coefficient reflecting the wealth gap in Hong Kong is also one of the highest in the world. Roughly calculated, there is one poor person in every five Hong Kong people, while at the same time, Hong Kong is on **the top of the list of the richest cities in the world; even ranks higher than New York, Tokyo, Los Angeles, and Paris. Hong Kong is a place where heaven and hell coexist.
Increasing demand for housing from the public, huge inflows of funds from local and foreign investors, government housing policies have not helped solve the problem, all of above lead to the vigorous development of the real estate industry, and fierce competition among real estate agents. Therefore, the use of exaggerated advertisements has also become one of the characteristics in Hong Kong.

*Demographia International Housing Affordability Survey 2018
**The Wealth-X Billionaire Census 2018