“Travel Over Homeownership”: Hong Kong’s 20-Year Property Myth Fades as Wealthy Residents Prioritize Experiences Over Ownership

The value of real estate assets is fading in Hong Kong. A pronounced decline in home prices over the past several years has eroded investor confidence across the territory. With fewer incentives to sacrifice present consumption for homeownership, Hong Kong residents are shifting their spending priorities toward experiences such as travel and leisure. Among some wealthy individuals, this trend has expanded into a broader perception of experiences as a new form of investment and asset accumulation.