Hong Kong Articles by DBS Humanities https://padlet.com/dbshumanities/hongkong Problems in a developed country en-us 2018-02-04 10:19:41 UTC 2018-02-06 19:16:17 UTC hello@padlet.com Crisis https://padlet.com/dbshumanities/hongkong/wish/227829799 Hong Kong was recently ranked the most expensive housing market in the world for the seventh consecutive year, according to the annual Demographia International Housing Affordability Survey.
The survey, which divides median house prices by gross annual median household income, found Hong Kong to clock in at 18.1. So, on average, if someone makes $50,000 in annual income, the cost of their home would be $900,000.
The 18.1 multiple soars above other markets around the world. The second least affordable city is Sydney which scored a multiple of 12.1. Even financial hubs London and New York pale in comparison coming in at multiples of 8.5 and 5.9 respectively.
]]> 2018-02-04 10:22:09 UTC https://padlet.com/dbshumanities/hongkong/wish/227829799 Issues with housing in Hong Kong and the solutions known as "low hanging fruit" such as cutting away at the coast to create more free land, but also their consequences that come with it. https://padlet.com/dbshumanities/hongkong/wish/227829843 2018-02-04 10:22:35 UTC https://padlet.com/dbshumanities/hongkong/wish/227829843 Hong uses too much water https://padlet.com/dbshumanities/hongkong/wish/227829894 Hong Kong uses twice as much water as the rest of the world. 220 liters of water a day per person, which is 30% more then the international average]]> 2018-02-04 10:23:01 UTC https://padlet.com/dbshumanities/hongkong/wish/227829894 Housing in hong kong https://padlet.com/dbshumanities/hongkong/wish/227829899 This website talks about how expensive it is living in Hong Kong. It’s says on average, if the person’s income is about 50000$ the cost of their home would be 900000$
It also explains why it’s so expensive
This is due to population, high demand to live and work ]]> 2018-02-04 10:23:03 UTC https://padlet.com/dbshumanities/hongkong/wish/227829899 https://padlet.com/dbshumanities/hongkong/wish/227829940 http://m.scmp.com/news/hong-kong/economy/article/2125641/does-hong-kong-have-housing-crisis-answer-depends-whether-you?amp=1. It talks about how the prices changed over the years and how much families make ]]> 2018-02-04 10:23:32 UTC https://padlet.com/dbshumanities/hongkong/wish/227829940 https://www.google.com/amp/s/www.cnbc.com/amp/2017/04/09/heres-why-hong-kong-housing-is-so-expensive.html https://padlet.com/dbshumanities/hongkong/wish/227829953

Summary:

Hong Kong's housing astronomical costs area a simple case of supply and demand. The city ranks as the fourth most densely populated among sovereign states or territories , with more than seven million residents spread across 1,106 square kilometers (427 sq miles). In addition, there's very little developable land left in Hong Kong, due to the fact that it’s squeezed between bodies of water and soaring mountains.
]]> 2018-02-04 10:23:42 UTC https://padlet.com/dbshumanities/hongkong/wish/227829953 jemimao https://padlet.com/dbshumanities/hongkong/wish/227829982 Photos that show how small the flats are in Hong Kong]]> 2018-02-04 10:23:58 UTC https://padlet.com/dbshumanities/hongkong/wish/227829982 https://padlet.com/dbshumanities/hongkong/wish/227830214 Hong Kong was recently ranked the most expensive housing market in the world for the seventh consecutive year, according to the annual Demographia International Housing Affordability Survey


]]> 2018-02-04 10:26:14 UTC https://padlet.com/dbshumanities/hongkong/wish/227830214 jemimao https://padlet.com/dbshumanities/hongkong/wish/227830265 Shows rooftop slums in Hong Kong ]]> 2018-02-04 10:26:46 UTC https://padlet.com/dbshumanities/hongkong/wish/227830265 https://padlet.com/dbshumanities/hongkong/wish/227830461 2018-02-04 10:29:16 UTC https://padlet.com/dbshumanities/hongkong/wish/227830461 https://padlet.com/dbshumanities/hongkong/wish/227830482 https://www.google.com/amp/m.scmp.com/news/hong-kong/economy/article/2125641/does-hong-kong-have-housing-crisis-answer-depends-whether-you%3famp=1https://www.google.com/amp/m.scmp.com/news/hong-kong/economy/article/2125641/does-hong-kong-have-housing-crisis-answer-depends-whether-you%3famp=1]]> 2018-02-04 10:29:34 UTC https://padlet.com/dbshumanities/hongkong/wish/227830482 sadeema https://padlet.com/dbshumanities/hongkong/wish/227830484 Hong Kong housing]]> 2018-02-04 10:29:36 UTC https://padlet.com/dbshumanities/hongkong/wish/227830484 bashayera https://padlet.com/dbshumanities/hongkong/wish/228075944 2018-02-05 12:54:35 UTC https://padlet.com/dbshumanities/hongkong/wish/228075944 bashayera https://padlet.com/dbshumanities/hongkong/wish/228075955 2018-02-05 12:54:36 UTC https://padlet.com/dbshumanities/hongkong/wish/228075955 bashayera https://padlet.com/dbshumanities/hongkong/wish/228078483 2018-02-05 13:02:41 UTC https://padlet.com/dbshumanities/hongkong/wish/228078483