Hong Kong Property – No Place for the Faint-Hearted
www.asiasentinel.com
Hong Kong is experiencing yet another property bubble. But this one has arrived more by stealth, either because of a sudden burst of local euphoria or a surge of cash from the mainland. Indeed the soaring prices are happening despite the efforts of the government to restrict non-resident buying by imposing additional transaction costs. Nonetheless, residential prices in April were up 17 percent on a year ago.
Hong Kong Property – No Place for the Faint-Hearted
…
Hong Kong Property – No Place for the Faint-Hearted
Hong Kong is experiencing yet another property bubble. But this one has arrived more by stealth, either because of a sudden burst of local euphoria or a surge of cash from the mainland. Indeed the soaring prices are happening despite the efforts of the government to restrict non-resident buying by imposing additional transaction costs. Nonetheless, residential prices in April were up 17 percent on a year ago.