Generation X and Y's demand for homeownership in Hong Kong

Abstract

Although differences between generation X (born between 1961 and 1980) and Y (born between 1981 and 1995) about the factors which drive homeownership have policy implications, little or no research has been undertaken into this issue. Results of interviews undertaken show that generation X and Y agree that price was the most important factor and that there are more generation Y reliant on government help. Questionnaire results found that “income and housing prices” and “affordability and accessibility” were the most important factors among generation X and Y, respectively. This paper concludes that policy makers need to consider the generation differences.