Article in the Economist this week showing how expensive accomodation is, based on rental yield (something I have been banging on about for months)
Global house prices: Hong Kong phew-whee | The Economist
Never mind lads, we are not in a bubble so get stuck inIN CROWDED Hong Kong, property is so expensive that even the estate agents are squeezed for space. The number of licensed agents reached 31,306 at the end of last year, an increase of 40% since March 2009. The qualifying exam is so popular that fees are going up. Golden Hill Properties in Wanchai makes do with a storefront but no store. Its agents perch on stools outside, reading from computer screens encased behind glass and typing on keyboards unlocked from a drawer.