http://www.bloomberg.com/news/2011-06-20/walter-kwok-says-hong-kong-home-prices-have-peaked-may-drop-15-this-year.html
Hong Kong property prices may fall as much as 15 percent by the end of the year, said Walter Kwok, former chairman of Sun Hung Kai Properties Ltd. (16), the world’s biggest developer by market value.
Buyers from overseas and other Chinese cities accounted for about a third of luxury home transactions in the first quarter of this year, according to Centaline Property Agency Ltd., the city’s biggest privately held realtor. Savills Plc ranks Hong Kong as the most expensive place to buy an apartment.
Hong Kong property prices may fall as much as 15 percent by the end of the year, said Walter Kwok, former chairman of Sun Hung Kai Properties Ltd. (16), the world’s biggest developer by market value.
Buyers from overseas and other Chinese cities accounted for about a third of luxury home transactions in the first quarter of this year, according to Centaline Property Agency Ltd., the city’s biggest privately held realtor. Savills Plc ranks Hong Kong as the most expensive place to buy an apartment.
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