| From Cnbc.com: Is Hong Kong building to another property bubble? Virtually everyone in the city wants to know. It’s the topic of top-level governmental discussion as well as chatter over dim sum at lunch. The city has one of the world’s most volatile and open property markets, reacting swiftly to external driving forces.
The memory is still fresh of the bubble and subsequent crash that saw prices here fall 60 percent between 1997 and 2003. But property is surging again, up 50 percent from early 2009 through mid-October..............................................Full Article: Source
|