Skip to footer

Signs of a Hong Kong real estate bubble?

The price of residential properties in Hong Kong declined 3.8 percent since November, according to a report by the University of Hong Kong. 

|
SoldAtTheTop
This chart shows the price of residential property in Hong Kong since 1997. Since suffering through the Asian financial crisis in 1997, property prices rose sharply in 2010.

Today, the University of Hong Kong released their Hong Kong Residential Real Estate Series (HKU-REIS) indicating that, in December, the price of residential properties declined a notable 3.82% since November but still remained 7.87% above the level seen in December 2010.

It appears that after a stunning run of monthly increases that saw prices climb dramatically, prices are beginning to show a notable pullback with all measures declining on the month.

The HKU-REIS is a set of property price indices constructed monthly using a “modified” repeat-sale methodology similar to that of the S&P/Case-Shiller indices yet suited to the Hong Kong property market.

You've read  of  free articles. Subscribe to continue.
Real news can be honest, hopeful, credible, constructive.
The Christian Science Monitor was founded in 1908 to lift the standard of journalism and uplift humanity. We aim to “speak the truth in love.” Our goal is not to tell you what to think, but to give you the essential knowledge and understanding to come to your own intelligent conclusions. Join us in this mission by subscribing.
Subscribe
QR Code to Signs of a Hong Kong real estate bubble?
Read this article in
https://www.csmonitor.com/Business/Paper-Economy/2012/0213/Signs-of-a-Hong-Kong-real-estate-bubble
QR Code to Subscription page
Start your subscription today
https://www.csmonitor.com/subscribe