New residential property index for derivatives
Steve Moore of GFI Colliers in Hong Kong talks to FinanceAsia about creating the regionÆs first residential property index for derivatives products.
Hong KongÆs active property market must make it a good candidate for building derivatives products, right
Yes, the beauty of the Hong Kong market is the turnover û each unit transacts on average every 3.2 years, whereas in the UK or Australia itÆs more like seven years, and there are 100,000 transactions on average every year, so thereÆs just a huge amount of data to work with.
A fairly straightforward for job you then
Not quite. The problem in Hong...
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