Hong Kong property is highly highly expensive according to Kiran Patel at Savills Investment Management

Hong Kong’s sky-high prices and low affordability rank it as one of the riskiest property markets for Savills Investment Management, which is avoiding the city in favor of Japan and Australia.

“Hong Kong is highly, highly expensive,” Kiran Patel, who helps manage $18 billion as chief investment officer at Savills Investment, said in an interview in Singapore.

More on this story from Bloomberg Hong Kong News