08.05.2013 - Predicting when Hong Kong property bubble will burst
Hong Kong has the highest home prices among major global cities, including London, New York, and Tokyo, according to a report by global property consultancy Savills, and one of the big questions in global finance these days is predicting when the Hong Kong property bubble will burst. Consensus is growing that the market is getting ready for some kind of setback, though opinions differ on how serious. There are elements in Hong Kong’s situation that are all too familiar in Ireland. Since returning to China in 1997, Hong Kong’s economy has become irrevocably intertwined with China, and it needs Chinese trade flows and tourists to keep it simmering...............................................Full Article: Source
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