Hong Kong – Predictions of a huge price fall have been wildly exaggerated
Predictions of a huge price fall have been wildly exaggerated
Despite the government’s cooling measures, Hong Kong flat prices have stabilised recently
Home prices might have fallen slightly as a result of government measures to cool down the property market three months ago, but will they go on to decline as dramatically as some analysts have predicted?
Not if latest price trends are an indication.
In late February the government doubled stamp duties levied on the sale of homes and non-residential properties valued at more than HK$2 million. The Hong Kong Monetary Authority also ordered banks to increase the amount of capital they hold against new residential mortgages, causing some banks to raise mortgage rates by 25 basis points.
The market immediately responded with a significant drop in transactions and ….
Related articles
- Hong Kong Home Prices at Record Gap to Sales (bloomberg.com)
- Hong Kong property investors switch search to overseas markets (boomtownasia.wordpress.com)
- Hong Kong – Developers switch strategy on sales (boomtownasia.wordpress.com)
- Reverse migration: why are Hong Kong’s immigrants leaving Canada? (vancouverobserver.com)
- 170,000 living in subdivided flats in Hong Kong: study (terradaily.com)
- Hong Kong – Shutting up shops (boomtownasia.wordpress.com)
- Luxury property prices in major financial hubs set to soar (thempreport.com.au)
- Hong Kong. My future home. . . maybe (cantstayput.com)
Posted on 28/05/2013, in Hong Kong and tagged Hong Kong, hong kong investment, hong kong property, hong kong real estate, Real estate. Bookmark the permalink. 2 Comments.
Boom Town Asia 
where can I hire someone to help me with this?
Thank you for the auspicious writeup. It if truth be told was once a amusement account it. Look advanced to more delivered agreeable from you! By the way, how can we keep up a correspondence?