Hong Kong home prices unreasonable, unsustainable: SC Capital
Despite cooling measures, investors have persisted with purchases that violate investing fundamentals
Singapore
HONG Kong's home prices are at unreasonable levels that cannot be sustained, according to SC Capital Partners, a US$2.6 billion real estate private equity firm.
Despite cooling measures such as stamp duties, investors have persisted with purchases that "violate" investing fundamentals, Suchad Chiaranussati, the founder of the Singapore-based SC, said in an interview.
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