Property News · June 30, 2017

Hong Kong home prices scale new peak, 20 years after 1997 record


Hong Kong carries the dubious honour as the world’s least affordable city to own a home, but many property industry veterans still firmly believe they can do no wrong in buying a residence here.
Home prices have surpassed their 1997 peak by 40 per cent, and this has prompted the government to roll out no fewer than three cooling measures in seven months, from a 15 per cent stamp duty to credit tightening. Thus far, they have done little to arrest the price surge.
“The government…

Source : South China Morning Post
Read more…Hong Kong home prices scale new peak, 20 years after 1997 record

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