Hong Kong nowhere near housing crash despite August data, say analysts

Hong Kong

CHINA'S economy is slowing and stocks are crashing. The Federal Reserve is poised to raise rates, and Hong Kong's de facto central bank is warning about "uncertainty" in the city's all-important housing market, where transactions plunged last month.

So what does it all mean for real estate prices in the former British colony? The answer, according to Michael Spencer, Asian chief economist at Deutsche Bank: Not much.