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HK warns potential home buyers to assess risks fully before jumping in
Its Financial Secretary projects gradual pressure on the red-hot property market as prices hit fresh highs
Published Wed, Feb 28, 2018 · 09:50 PM
Hong Kong
HONG KONG'S Financial Secretary Paul Chan said on Wednesday that the city's red-hot property market will gradually come under pressure as more flats hit the market and interest rates are expected to rise.
Hong Kong is one of the most expensive housing markets in the world, where private home prices shattered historic records for the 15th month in a row in January, rising 1.27 per cent month-on-month and 15.4 per cent year-on-year, the latest government data showed on Wednesday.
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