27 Dec '17, 11pm

Skyrocketing home prices in Hong Kong

Skyrocketing home prices in Hong Kong

Hong Kong – one of the most expensive cities to live in, not only in Asia but in the world. Home prices there have been skyrocketing with no sign of relief in sight. Hong Kong Continuous rise in Hong Kong home prices While Singapore and Hong Kong are different in many ways, there too are similarities. And the Singapore government’s recent warnings about a possible future supply glut could just be their way of containing a similar situation before it gets out of hand. The Hong Kong government’s many attempts at suppressing home prices have not resulted in much success. In fact, some may even say that the moves have pushed prices up. Property prices in Hong Kong have increased by more than 12% in 2016 alone. This year, it is expected to rise another 10%. And this is not yet taking into account the almost huge leap from a decade ago. Hong Kong leader Carrie Lam has said that ...

Full article: https://www.iproperty.com.sg/news/skyrocketing-home-price...

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