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.
What is the Monitor difference? Tackling the tough headlines – with humanity. Listening to sources – with respect. Seeing the story that others are missing by reporting what so often gets overlooked: the values that connect us. That’s Monitor reporting – news that changes how you see the world.
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