Real estate is in Hong Kong’s DNA. Government-induced land shortages, easy access to credit and a growing population made local property a good investment and the source of many family fortunes. Start with a 400-square-foot flat in Tai Po, trade up to a slightly larger unit in Sha Tin, rinse-and-repeat, and with a little luck you’d soon own a luxurious home in Mid-Levels.Buying property abroad was a popular next step. Astronomical local prices and the peg-based strength of the Hong Kong dollar…
Source : South China Morning Post
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