What do Hong Kongers buy after getting a loan
Over 33% use a loan to purchase property.
The majority of Hong Kongers received a loan to purchase a property, similar to Vietnam and Singapore markets, a study from Carousell Media Group (CMG), and the Interactive Advertising Bureau Southeast Asia and India (IAB SEA+India) showed.
Specifically, 33% of residents take out a loan to buy a property, followed by 17% who use a loan to purchase a computer. The survey also found that the main type of housing in Hong Kong is apartments.
Further, Hong Kong had the highest count of respondents (32%) who sourced loans from family members.
Amongst the other markets polled, Singaporeans’ top reason for taking out a loan is also to buy a property, with 48% saying so. Respondents in Vietnam also picked purchasing a property, with over 27% choosing this reason.
As for spending, Hong Kong residents’ main reason is international travel, with 18% of them choosing this option.
The 2022 research of CMG and IAB SEA+India polled 61,600 marketplace users in Singapore, Philippines, Malaysia, Vietnam (Chợ Tốt) and Hong Kong.