Warning from HSBC’s CEO for Aisa has warned that Hong Kong could possibly be growing into a real estate bubble, especially if prices continue to rise.
Apartment prices in hong kong have surged 42% since the start of 2009 and the Hong Kong government trying to cool things down.
Ordinary Hong Kong residents are worrying that they are unable to afford property in hong kong.
Real Estate prices in Hong Kong are currently at a high rate, If prices continue to rise, we could be in for a Hong Kong Real Estate bubble.
Hong Kong property prices have already risen 10.5% over the last year, according to Centaline Property.
It is also possible prices will increase another 10% by the end of the year, especially if interest rates remain low and the economy keeps growing.