If history is any guide,the long queues of property buyers at Hong
Kong’s Tsuen Wan residential project last weekend could be the harbinger
of a bubble in the world’s most expensive housing market.
Hundreds of buyers packed into Cheung Kong Property Holdings' sales office, vying to get a unit at the Ocean Pride project built by Li Ka-shing, the city's wealthiest businessman whose property projects had long stood for appreciating value.
They were willing to ignore record-level prices and mortgage rates that had just been raised the night before by four of the city's largest banks.
More news, Is Hong Kong’s property market heading for its biggest crash since 1997 ?
Source :
1) www.scmp.com
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