16.05.2011 - Hong Kong's 'sandwich class' face housing woes
They call them Hong Kong's "sandwich class", stuck between the very rich and the very poor. Since Britain handed the territory back to China in 1997, more and more Hong Kong Chinese have seen their incomes improve as the economy has grown on the back of breakneck economic growth in mainland China. Economists now describe Hong Kong as a "world city" on a par with London and New York. It has always been an expensive place to live but rocketing property prices in recent months have left many in the sandwich class feeling more squeezed than ever..............................................Full Article: Source
Print