Too much too soon? Hong Kong may be experiencing housing bubble

According to newly released figures, in April, the price of residential properties increased over 3% since March and climbed 7.11% above the level seen in April 2011, leaving some analysts wondering if the region might be experiencing a bubble.

By , Guest blogger

  • close
    This chart shows Hong Kong residential property prices, as tracked by monthly and annual percent change since 1997.
    View Caption

Recently, the University of Hong Kong released their Hong Kong Residential Real Estate Series (HKU-REIS) indicating that, in April, the price of residential properties increased a notable 3.23% since March and climbed 7.11% above the level seen in April 2011.

It appears that after a notable pullback in late-2011 prices are totally soaring with all measures rising notably on the month.

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.

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 paper-money.blogspot.com.

Share this story:
 
 
Make a Difference
Inspired? Here are some ways to make a difference on this issue.
Follow Stories Like This
Get the Monitor stories you care about delivered to your inbox.
 

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...

Loading...