Hong Kong home prices unreasonable, unsustainable: SC Capital
Despite cooling measures, investors have persisted with purchases that violate investing fundamentals
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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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