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HK home property prices continue to defy gravity

Surge fuelled by thriving economy, as well as strong demand from mainland Chinese and limited land supply

From a low point of Hong Kong's property market in 2003, average house prices have increased by more than 300 per cent, according to data from the Centa-City Index.

Hong Kong

THERE are breathtaking views of Victoria Harbour from a 23rd-floor apartment that recently sold for US$722,000 in the new Le Riviera building. The high-end German appliances and marble countertops evoke European luxury. In the entrance of the building, colourful wire mesh