Unbelievable: 200k flats (9% of HK's housing stock) unoccupied

[dac911]

how is this unbelievable? hardly surprising. 9% is a low number considering how many foreign buyers (mainland) are investing in hk.

look at US, you have whole ghost towns being built and unoccupied. florida anyone?

[hullexile]

how is this unbelievable? hardly surprising. 9% is a low number considering how many foreign buyers (mainland) are investing in hk.

look at US, you have whole ghost towns being built and unoccupied. florida anyone?

The vacant property rate in the US is around 11%, but considering the housing crisis there this is not surprising.

[dac911]

The vacant property rate in the US is around 11%, but considering the housing crisis there this is not surprising.

look at individual states or counties eg florida. have u been to downtown detriot?

9% is not high for HK. renovations, transient expats moving in and out, properties for sale or rent or in process of closing, foreign ownership etc etc.

[hullexile]

look at individual states or counties eg florida. have u been to downtown detriot?

9% is not high for HK. renovations, transient expats moving in and out, properties for sale or rent or in process of closing, foreign ownership etc etc.

Whatever you say dac, you clearly know best.

[East_coast]

have u been to downtown detriot?

Please draw some economic comparisons between Detroit (ex Motown with 50% of the population it had a few years ago) to HK which has severe restrictions on new build of homes even though demand for upgrading is very high.

[East_coast]

The vacant property rate in the US is around 11%, but considering the housing crisis there this is not surprising.

Looking at London the rate of empty homes seems to be below 2%. But the UK has a similar land use restriction policy to keep home owners happy while offering cheap public housing to heavily subsidise low paying employers.

http://www.google.com/url?sa=t&rct=j...6jGMeMvwgzfHDg