Hong Kong’s property market continues to be as hot as ever. Photo: Bloomberg
Opinion
Opinion
Why the extradition bill protests won’t burst Hong Kong’s property bubble
- Observers argue that a dip in sentiment due to the protests, higher mortgage rates and declining affordability should surely trigger a downturn
- But as the data shows, the property market is still red hot, and housing affordability is not significantly worse than at any time over the last decade
Hong Kong’s property market continues to be as hot as ever. Photo: Bloomberg
Town houses at a luxury development in Hong Kong’s Repulse Bay. Photo: Edmond So
Demand for Hong Kong’s luxury homes slips as trade war, threat of extradition bill rattle wealthy investors
- The proposed law that sparked weeks of mass rallies has made some super-rich investors look beyond Hong Kong to park their wealth, says Savills
- Prices of town houses, typically ranging from 2,000 to 4,000 square feet, fell 1.5 per cent in the second half
Topic |
Hong Kong property
Town houses at a luxury development in Hong Kong’s Repulse Bay. Photo: Edmond So