Greater Bay Area too far for young stay-at-homes
- Millennials are refusing to move out from where their parents live, let alone out of the city, and officials are fighting the great inertia of a whole generation
Many overtly political reasons have been cited, and they all probably play a part. Among these are distrust of the central government, dislike of mainlanders and their culture, and the rise of political localism.
Other deterrents include the vagueness of the bay area plan, travel costs, internet access, language barrier (yes, not every Hongkonger speaks Mandarin), and the lack of entitlement programmes, such as health care and welfare benefits.
But there is one crucial cultural factor that is usually ignored, and may be the most important: our millennials (roughly those aged between 22 and 35) simply refuse to move out of their parents’ homes, let alone out of the city.
A 2016 survey by the global real estate service provider CBRE found that 84 per cent of Hong Kong millennials lived with their parents, the highest in Asia-Pacific. Another study by City University’s Urban Research Group collected a lower figure, but still extraordinarily high: 78 per cent.
Such findings are often framed in terms of a global trend: young people worldwide are staying longer at home, even after they graduate from university and find work.