Next-gen wealthy Hongkongers drop property for higher returns in deposits and hedge funds

ByAtlasnews

Sep 13, 2026 #BNP Paribas Wealth Management, #Centaline Property, #Central, #Clifford Ng, #Gabriel Chan, #Hong Kong, #Maria, #SCMP Business, #Southern District, #The Centre, #The Peak, #The Repulse Bay, #Zhong Lun Law Firm

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Next-gen wealthy Hongkongers drop property for higher returns in deposits and hedge funds

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A view of Repulse Bay in Southern district of Hong Kong Island. Photo: Sun Yeung

Peggy YePublished: 10:00am, 13 Sep 2026

When Maria’s family moved out of their house in Hong Kong’s Southern district, one of the bigger jobs was packing her mother’s belongings, including the orange Hermes boxes that had accumulated in the family gym.

Her 86-year-old father was reluctant to rent, while her mother – who had spent her life buying homes – initially insisted that if they were going to rent, she wanted a house rather than a flat.

“I have never rented a home in my entire life,” she said.

They eventually settled at The Repulse Bay, a seaside luxury complex long popular with expatriates and senior professionals who rent in Hong Kong for the flexibility to move on.

Three generations of the family now live there in separate rented flats of about 2,500 square feet each. Maria – who asked that her family name be withheld – shares one with her parents, her brother rents another, and her sister is preparing to move into a third.

When the next generation comes to us, they often say the same thing: financial assets are simply much easier to manage

Clifford Ng, Zhong Lun Law Firm

The arrangement keeps the family close, but for Maria the more important question is what happens to the capital that would otherwise be tied up in another home.

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