You are here: Home » International » News » Others
Business Standard

Homeless in Hong Kong: Soaring costs fuel housing crisis in financial hub

About one in five people live below the poverty line even as Hong Kong's wealth gap swells to its widest in more than four decades

Reuters  |  Hong Kong 

Cheung Muk-gun's home is an illegal, wooden shack under a highway in one of the poorest areas of Hong Kong, where sky-high property prices and a yawning wealth gap have helped fuel a surge in homelessness. The 72-year-old earns about HK$10,000 ($1,279) a month working seven days a week at a frozen meat store in the working-class district of Mong Kok, a short trip across Victoria Harbour from the city's opulent financial centre. With property prices up 200 per cent in the past decade, and a bed in a tiny, windowless apartment - often shared with other tenants - going for ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Fri, January 26 2018. 07:22 IST