Hong Kong's Fevered Property Market

After 15 years since the Asian Financial Crisis of 1997-1998, Hong Kong’s residential property market has finally scaled back up to the nosebleed heights it reached before a crash that carried it downward for seven years without stopping. The property industry is euphoric. One realtor with Midland Realty, one of the city’s biggest property firms, told Asia Sentinel the company doesn’t fear a bubble and confidently predicted that prices would go on rising into the future.

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