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.

READ MORE: Why are locals choosing to buy second-hand items

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.

Follow the links for more news on

Join Hong Kong Business community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

Port cargo throughput falls 11.1% YoY in Q3
The decrease in both inward and outward port cargo drove the overall decline.
Gov’t proposes regulatory regime on the use of autonomous vehicles
The bill will be up for the Legislative Council’s reading on 14 December.   The proposed new regulatory framework for the trial and specified use of autonomous vehicles –- Road Traffic (Amendment) (Autonomous Vehicles) Bill 2022 –- will be introduced to the Legislative Council on 14 December.   The Transport & Logistics Bureau, which proposed the bill, said autonomous vehicles technology has the promising advantage of enhancing road safety, optimising the use of limited road space and thereby reducing car accidents arising from human error.    In the Hong Kong Smart City Blueprint 2.0 published in December 2020, one of the smart mobility initiatives is to facilitate the technological advancement and industry development in Vehicle-to-Everything and autonomous vehicles.   The government then proposed amending the Road Traffic Ordinance and also empowering the Secretary for Transport & Logistics to make new subsidiary legislation, Autonomous Vehicles Regulation, to establish a suitable regulatory regime to facilitate the trial and specified use of autonomous vehicles.  
7 high-end properties up for sale 
The prices of the properties range from  $18.2m to $550m.


Managing conversations to increase conversions
Enterprises that used chat management platform, imBee, saw a 25% increase in sales. 
Where to invest your millions in real estate
Realtors cited two property types that can offer higher upside potential in return.
Property market ends downcycle 
Real estate expert, Cathie Chung, said that the market will have a reset by 2023.