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Crowds jostle for Hong Kong flats, no end in sight to housing boom

Reuters  |  HONG KONG 

By Venus WuHONG KONG (Reuters) - Hong Kong's red-hot property market kicked off 2018 with hundreds queuing to buy flats in the first major property launch of the year on Saturday, backing expectations strong demand will further lift record prices by 5 to 20 percent over the year. The Asian financial hub has one of the most expensive housing markets in the world, with private home prices shattering historic records for 13 months in a row and rising almost 200 percent since 2008. Among the some 100 pre-sale apartments offered by major local developer Sun Hung Kai Properties on Saturday, ...

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First Published: Sat, January 13 2018. 14:34 IST
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