hong kong property prices will fall?
european and asian share markets are falling.. the hk property prices are getting higher.. i don't think that it will continue to be high, im guessing it will fall soon.. i want to here your thoughts on this..
Unlikely
Reasons:
- HK property market had fall seriously in around 1998. The price was recovered, but it has not gone too wild.
- The HK dollar was falling vs RMB since HKD keeps a 7.78 rate with USD. The fall of USD brings HKD to fall, but the economic of HK was very good for the last few years. The cheap HK dollar make HK property cheaper to people with RMB. The inflation is high in Hong Kong recently.
There aren't much sign that property are going to fall.
The HK stock market is a little bit in scarely mode, but not property.
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Unlikely
Reasons:
- HK property market had fall seriously in around 1998. The price was recovered, but it has not gone too wild.
- The HK dollar was falling vs RMB since HKD keeps a 7.78 rate with USD. The fall of USD brings HKD to fall, but the economic of HK was very good for the last few years. The cheap HK dollar make HK property cheaper to people with RMB. The inflation is high in Hong Kong recently.
There aren't much sign that property are going to fall.
The HK stock market is a little bit in scarely mode, but not property.
References :
As long as the HKD is pegged to the USD and as long as a the FED keep interest rates low, the property price will rise in Hong Kong due to the low cost of borrowing.
There are even talks that It could create a bubble
References :
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