Hong Kong property prices and sales soaring despite govt’s real estate cooling measures, figures sho

[Nicholas Wallwork]

Residential property prices in Hong Kong have risen to their highest since December 1997, defying government efforts to rein in real estate speculation and prevent an asset bubble. The latest index from Centaline Property Agency increased 1.11% to 84.54 in the week ended on September 05, from 83.61 a week earlier. The report from Centaline, [...]

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[gfere40]

Hong Kong is one of the most expensive countries in the world and ideally to have property, therefore everything looks natural to me about increasing prices.

Grigoris

 

[SPI]

totally agreed...especially with limited land area for residential development.