Source:
https://scmp.com/business/article/1063430/yes-hk-peg-blame-alternatives-are-worse Business
Yes, the HK$ peg is to blame, but the alternatives are worse
Cheap money is behind high property prices but any moves to fully float or manage the currency like Singapore do have their pitfalls
Property prices are an eternal obsession with Hong Kong's inhabitants.
Even so, Monday's Monitor column examining some of the reasons why we can expect the home prices to continue setting new records broke new ground.