Hong Kong’s “crazy” housing market will continue to defy gravity, according to BNP Paribas SA.
Still, Wee Liat Lee doesn’t see a property bubble developing in Hong Kong, where he is based. While prices are elevated and affordability has worsened, most payments are in cash, limiting the amount of debt propping up prices, he said in an interview with Bloomberg. Price growth may also slow as the government takes steps to avert a bubble in the world’s most-expensive housing market.
Much more on this from Bloomberg Hong Kong News
Story via Fion Li, Hong Kong Bureau Chief at Bloomberg News
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