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Cost of Average HK Wedding Hits Regional High: Survey
Source:Chinese Women's Research Network | Release Date:2017-12-27-
Title: Cost of Average HK Wedding Hits Regional High: Survey
Author:
Source: Women of China
Release Date: December 27, 2017
Keyword: Cost, HK, Wedding,
 

The average cost of a wedding in south China's Hong Kong has climbed to HK $ 330,000 (U.S. $ 42,212), up 11 percent from last year, and the lion's share of that cost goes to wedding banquets.

The latest findings came from a survey conducted by Hong Kong-based ESDlife, which is an online platform dedicated to providing locals with marriage and wedding information, from this August to October amongst 1,401 people who are planning to get married this year or in the following two years.

The average spending on wedding banquets per couple has reached HK $ 169,000 (U.S. $ 21,617), an increase of 11 percent on that of last year.

The study showed that as many as 93 percent of local brides and grooms will hold wedding parties while 35 percent of them will hold a banquet in a hotel.

Meanwhile, newlywed couples are expected to spend HK $ 58,000 (U.S. $ 7,419) on average in the purchase of wedding rings and jewelry. Such an expense has witnessed the highest annual growth in comparison with other items within the same period.

Moreover, an increasing number of those polled said that they will fly to the Republic of Korea (ROK), Japan or Europe to take their wedding pictures.

The poll also found that 32 percent of local newlywed couples have to live together with their parents after their marriage due to the high housing prize in Hong Kong.

Nearly 40 percent of them have to seek financial assistance from their parents if they want to have an independent home. 

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