Switch to Desktop Site
 
 

Too much too soon? Hong Kong may be experiencing housing bubble

(Read article summary)
Image

SoldAtTheTop

(Read caption) This chart shows Hong Kong residential property prices, as tracked by monthly and annual percent change since 1997.

About these ads

Recently, the University of Hong Kong released their Hong Kong Residential Real Estate Series (HKU-REIS) indicating that, in April, the price of residential properties increased a notable 3.23% since March and climbed 7.11% above the level seen in April 2011.

It appears that after a notable pullback in late-2011 prices are totally soaring with all measures rising notably 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.

Share