Like Tree1Likes
  • 1 Post By kimwy66

Hong Kong scores another top spot

Closed Thread
  1. #1

    Join Date
    Dec 2010
    Location
    Wrong side of the door to hell
    Posts
    6,079

    Hong Kong scores another top spot

    http://www.cnbc.com/id/101349774

    Hong Kong's average home price rose to 14.9 times gross annual median household income from 13.5 times in 2013, the highest ever level recorded by the survey in its ten-year history.

    Many analysts have warned that a bubble is forming in Hong Kong's red hot property market, where home prices have more than doubled since 2009, as strong demand from mainland China and record-low mortgage rates have driven growth.
    Bubble about to pop, or going to be driven upward by the mainland for a few more years?
    richteralan likes this.

  2. #2

    Join Date
    Aug 2005
    Location
    Clear Water Bay (In Da Jungle)
    Posts
    9,968

    Due to lack of land / external parties buying houses to gain residency etc etc there is only one way for HK Home prices and that is UP, UP, UP, UP. even when the bubble burst it will go back up up up again.


  3. #3

    Join Date
    May 2006
    Location
    Pampanga, Philippines
    Posts
    29,858

    I'm confused. If I look at the CCI the secondary market is lower than 12 months ago. How is it red hot?


  4. #4
    Quote Originally Posted by kimwy66:
    http://www.cnbc.com/id/101349774



    Bubble about to pop, or going to be driven upward by the mainland for a few more years?
    I think HK Government doesn't want to see the bubble pop. So, a few more years to go.

  5. #5

    Join Date
    Nov 2011
    Posts
    626


    I am waiting for it to get cheaper.

  6. #6

    where the fxxk is the public and Home Ownership Scheme