Is there a real estate bubble growing in Hong Kong?

In June, the price of residential properties in Hong Kong increased 1.18% since May and climbed 6.64% above the level seen in June 2011. Prices continue to rise each month, according to new data from the University of Hong Kong.

|
SoldAtTheTop
This chart shows residential property prices in Hong Kong since 1997. After a notable pullback in late-2011 prices are rising with all measures continuing to increase notably each month.

Recently, the University of Hong Kong released their Hong Kong Residential Real Estate Series (HKU-REIS) indicating that, in June, the price of residential properties increased 1.18% since May and climbed 6.64% above the level seen in June 2011.

It appears that after a notable pullback in late-2011 prices are totally soaring with all measures continuing to rise notably each 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.
QR Code to Is there a real estate bubble growing in Hong Kong?
Read this article in
https://www.csmonitor.com/Business/Paper-Economy/2012/0910/Is-there-a-real-estate-bubble-growing-in-Hong-Kong
QR Code to Subscription page
Start your subscription today
https://www.csmonitor.com/subscribe