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THINK Hong Kong: Housing matters

Hong Kong

Harry Tan, Head of Research, Asia-Pacific expands on Hong Kong's housing market and economy.

Hong Kong’s economy recorded 4.3% growth vs. a year ago in the first quarter of 2017 - the fastest pace since 2011. Just this month, the world’s most expensive commercial land plot was sold in Central CBD for HK$23.3bn (or HK$50,064 per sq ft) - significantly above market expectations and professional valuations. It is no surprise then, that the city continues to hold the title for the world’s most expensive housing market, as per a number of previous years now.

It seems, on the surface, that Hong Kong is enjoying a wave of strong economic momentum and robust investment sentiment. Or is it?

 

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Harry Tan

Harry Tan

Head of Research, Asia-Pacific

Harry's biography