Hong Kong’s household debt-to-GDP ratio stood at about 50 per cent a decade ago. Photo: Sun Yeung

Hong Kong’s household debt-to-GDP ratio stood at about 50 per cent a decade ago. Photo: Sun Yeung
Hong Kong’s household debt-to-GDP ratio stood at about 50 per cent a decade ago. Photo: Sun Yeung

Hongkongers not under pressure to sell property to repay loans even though household debt is at record high, analysts say

  • Hong Kong’s household debt-to-GDP ratio rose to a record 90.2 per cent as of the end of 2020, compared with 80.4 per cent a year earlier
  • Panic selling seen during Sars crisis won’t be repeated, mReferral chief vice-president says

Topic |   Hong Kong property
Hong Kong’s household debt-to-GDP ratio stood at about 50 per cent a decade ago. Photo: Sun Yeung

Hong Kong’s household debt-to-GDP ratio stood at about 50 per cent a decade ago. Photo: Sun Yeung
Hong Kong’s household debt-to-GDP ratio stood at about 50 per cent a decade ago. Photo: Sun Yeung
READ FULL ARTICLE