Property News · November 9, 2018

Here’s how Hong Kong let the air out of its property bubble without popping it


Less than two months ago, Hong Kong was named home of the world’s biggest property bubble. Now it may become known as the model for how to slowly deflate a bubble and avert a painful burst.
Signs the air is slowly seeping out of the bubble are growing:
Home prices slipped some in August and September – after a 28-month bull run that drove up prices by 45 per cent. Long queues of hungry buyers are far shorter. Even auctions of foreclosed homes are coming up short of bidders….

Source : South China Morning Post
Read more…Here’s how Hong Kong let the air out of its property bubble without popping it

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