Property News · May 24, 2019

Hong Kong government will keep rolling out measures to tame home prices … even though they don’t work, says JPMorgan


Hong Kong’s government will keep rolling out cooling measures designed to rein in skyrocketing property prices even though they have a very limited effect, according to JPMorgan.The American investment banking giant joined a growing chorus of bullish forecasts, predicting the city’s home prices will go up by another 5 per cent this year.“Hong Kong government has a political responsibility to impose policy measures even if they are relatively ineffective,” said JPMorgan’s property team, led by…

Source : South China Morning Post
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