Hong Kong property: time to buy or bail?

Hong Kong's property prices surpassed their 1997 peak and hit a record high at the end of July. Is the market poised for another meltdown?

Hong Kong property: time to buy or bail?
Hong Kong property: view from the top end of the market

Like so many things in Hong Kong, be it the stock market or the dating scene, the city’s property market has a speculative feel to it, seemingly dominated by players who are out for a quick punt rather than with the intention to buy-and-hold. And, for those who live in Hong Kong, expensive rents and spiralling property prices are simply a part of life in the city, much like the smog.

But with job prospects...

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