Skip to: Content
Skip to: Site Navigation
Skip to: Search


Paper Economy

Hong Kong housing bubble?

In January, the price of residential properties increased about 3 percent, which is about 22 percent higher than January 2010.

By Guest blogger / March 22, 2011

This chart shows residential property prices in Hong Kong from 1991 through January 2011. Prices have been increasing steadily since December 2008.

SoldAtTheTop

Enlarge

There has been much speculation recently about an ongoing price bubble occurring in the Hong Kong residential property market.

Skip to next paragraph

Writer, The PaperEconomy Blog

Recent posts

The University of Hong Kong’s Residential Real Estate Series (HKU-REIS) indicated that, in January, the price of residential properties increased a whopping 2.89% since December climbing 22.12% above the level seen in January 2010.

The “Hong Kong Island” index, “Kowloon” and “New Territories” sub-components also showed notable year-over-year increases with "New Territories" outpacing the pack with notable 4.15% monthly increase while the "Hong Kong Island" series indicated that prices have now far outpaced the prior 1997 peak.

The HKU-REIS is a set of property price indices constructed monthly using a “modified” repeat-sale methodology similar to that of the S&P/Case-Shiller indices yet suited to the Hong Kong property market.

Add/view comments on this post.

------------------------------

The Christian Science Monitor has assembled a diverse group of the best economy-related bloggers out there. Our guest bloggers are not employed or directed by the Monitor and the views expressed are the bloggers' own, as is responsibility for the content of their blogs. To contact us about a blogger, click here. To add or view a comment on a guest blog, please go to the blogger's own site by clicking on the link above.