hong-kong-house-prices-defy-economic-slump

Hong Kong house prices defy economic slump

The former colony's perennial fascination with property appears immune to even the deepest of recessions.

It's hard not to feel sorry for someone looking to buy an apartment in Hong Kong since there never seems to be a right time to buy. If prices are going down, there will always be someone who says that property is still overpriced but if the market is going up, another person will say that the rise is unsustainable and that it will quickly come crashing down. Given how volatile house prices in Hong Kong are, both stories can seem plausible.

Over the past six months, this unpredictability factor has become even more of a headache. Hong Kong is in the midst of a...

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