Why are Hong Kong property prices still rising?

[totallyproperty]

Despite unrest on the streets and an ongoing battle with the Chinese authorities, Hong Kong property prices clocked up another record high in October:-

http://www.ft.com/cms/s/0/0efc1af2-6245-11e4-811b-00144feabdc0.html#axzz3HzForukl

Are investors ignoring the reality of the situation with China?

Regards,

Mark

 

[LucasDrape22]

I think its the economy of the country that drives the real estate property to rise up. Hong Kong is a great place to shop if you have the money.

 

[jocelroberts]

I agree with you LucasDrape22. Everything depends on the economy. When economy rate rises, the cost of living also increases. Thus, it dictates the rise in prices of major commodities and Hong Kong office rental rates. It's not a cycle. It's a growing process in a linear graph. Sellers also perceive the fact that the value of property increases every year.