property most expensive in Hong Kong

property most expensive in Hong Kong

Compared to the four cities, Hong Kong, New York, London and Moscow. The property in Moscow is 7.4% more expensive than glass properties in London, while properties in New York are 15% cheaper in the British capital.


The report also noted that the prices of houses are bought by executives of companies in Hong Kong has increased by 148% over the last five years. The same period in Moscow, an increase of 110%, London and New York fell by 47% to 7%. in a particular place. ". Interestingly, although the cost of buying a new feature that moves continuously to increase the cost of a rental that has remained constant in all four surveys of the capital. Hong Kong is experiencing a housing shortage there is a lack of supply and demand is high, leading to sharp increases in property prices.




In an attempt to counter rising prices in November last year, the Hong Kong government has introduced a series of measures such as stamp duty, up to 15% of the assets and the increase of the minimum deposit for a mortgage. To address the shortage of housing in Hong Kong, Chief Executive Donald Tsang has promised to release more land for residential development, low cost, and added that the government should provide land for the construction of apartment. The new left 20,000 per year, although he said it was. "The goal is not permanent." Although these measures are trumpeted as some of the strongest ever, with property prices in Hong Kong will continue to be flexible, since their introduction