Aug
08
Hong Kong Property Stocks Are Hottest Since Eve of 1997 Collapse
By-
Gains outstrip Hang Seng Index despite supply, rate concerns
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‘The rally in share prices is over,’ says Bocom analyst
Hong Kong real estate shares haven’t been this hot since the city’s last housing bubble burst almost two decades ago.
The industry’s benchmark equity gauge has surged 37 percent from this year’s low in January, climbing to the highest level versus Hong Kong’s Hang Seng Index in 19 years on July 29. The last time property companies performed that well relative to the broader market was October 1997, just before the Asian financial crisis sparked a collapse in Hong Kong’s real estate market…
Hong Kong Property Stocks Are Hottest Since Eve of 1997 Collapse
