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Hong Kong - 2021 "Property Review"

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  1. #31

    Join Date
    Dec 2002
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    薄扶林
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    Latest figures released by the government on Friday showed Hong Kong’s home prices have gone up at a faster pace to near-record levels in July.

    The home price index released by the Rating and Valuation Department has increased by 0.46 percent to 396.3 – just 0.15 percent off the last record set in May in 2019.
    New stats can be found here:

    https://www.rvd.gov.hk/en/property_m...ics/index.html


    https://www.thestandard.com.hk/break...tion/4/179463/
    traineeinvestor likes this.

  2. #32

    Interesting that while property prices have risen, rents remain well below peak levels.


  3. #33

    Join Date
    Sep 2019
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    4,895

    The rich store money where they are able, the poor pay what they can/must?

    But yes (apparently you can start sentences with but now), interesting to see if the divergence persists or its a lagging indicator.

    ndt likes this.

  4. #34

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    Nov 2005
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    Cramped island
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    many previous owners with good equities in their property can afford to pull money out and pay the downpayments for their kids.. and most are in the FOMO mood.. so everyone believe the property agent's views and comments that property prices in hk will never fall because of unlimited and unsatisfiable demands


  5. #35
    Quote Originally Posted by freeier:
    many previous owners with good equities in their property can afford to pull money out and pay the downpayments for their kids.. and most are in the FOMO mood.. so everyone believe the property agent's views and comments that property prices in hk will never fall because of unlimited and unsatisfiable demands
    While I am sure there are some (possibly many) motivated by FOMO, there's also a group which takes the view that hard assets are an inflation hedge which is needed because central banks printing money at astonishing rates and governments are flooding the world with stimulus (aka election bribes) - all of which means that inflation is very real. Our money is being devalued daily. Hard assets are an inflation hedge - especially when we effectively have negative real interest rates.

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