Apartment buildings and office blocks clustered tightly together in Hong Kong's Kowloon district. Home prices in the crowded area of the city have risen by 120 per cent since 2008, and by more than 30 per cent from their previous peak in 1997. Photo: AFP

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

In 1997, a 451 square foot flat in City One Shatin – a housing estate popular with residents and investors alike – cost HK$3.06m, but that’s now doubled, according to data by Midland Realty

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Apartment buildings and office blocks clustered tightly together in Hong Kong's Kowloon district. Home prices in the crowded area of the city have risen by 120 per cent since 2008, and by more than 30 per cent from their previous peak in 1997. Photo: AFP
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