@Big Rocky I would say that it started to be overpriced around 5 years ago. This is based on the assumption that rental yield should be 5% of property price p.a. ignoring costs. You could make your own assumptions, factor in long term expectations for interest rates etc. but I find this a good rule of thumb.On what rational or mathematical basis could you concluded "hk property was overpriced 5 years ago?"
The interesting question is why I didn't sell if I thought property was overpriced and it's because I don't sell assets as a general rule, especially on the basis of price movement expectations.