Don’t fret about the eye-watering prices, feel the $1.7 trillion of banking-system savings.
Hong Kong property is coming back. After declining about 10 percent since August, home prices have started rising again. The world’s least affordable housing market may even be prepping for another boom.
Green shoots have included increased viewings at project sales and revived interest in government land auctions, with a plot in the northern New Territories selling for a higher price than analysts expected last month. The Centa-City Leading Index of second-hand home prices is up more than 1 percent from its recent low after gaining for three consecutive weeks.