Asias Wealthiest Man HK Property Speculators Beware
Real Estate Related News
A series of tightening measures have put the brakes on Hong Kong's overheated property sector, forcing developers to cut prices and prompting a warning from Asia's richest man Li Ka-shing: speculators stay away.
Developers say a sixth round of cooling measures imposed last month to rein in prices and to avoid an asset bubble are now having an impact on sales.
"If you are ...
Source: Property News
HK Property Measures Hit Sun Hung Kai
Global Real Estate News
Developer posts 14% full-year decline as demand for residential property slows amid the Hong Kong government's measures to ease spiralling prices
Source
Hong Kong's real estate is one of the most expensive on the planet simply because they recycle land rather than expand it. Buildings keep going up rather then using more of the empty land on the horizon. That has led to issues like coffin living where 4 people can live in one room divided up into 4.
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