Mar
23
Why Li Ka-Shing May Be Right Predicting Hong Kong Property Rally
ByHong Kong’s richest property tycoon Li Ka-shing expects the rally in the city’s home prices to continue for a couple more years. He isn’t alone.
Even after the Federal Reserve raised interest rates this month, brokers and analysts expect further increases in residential prices in Hong Kong, where the cost of existing homes keeps setting new records.
“The property market is hot now,” Sammy Po, head of the residential department at Midland Realty International Ltd., said by phone. “The market has totally factored in the potential impact of the Fed rate hikes, therefore, buyers just keep buying as usual.”
Here are three charts that show why Li may be right:
Why Li Ka-Shing May Be Right Predicting Hong Kong Property Rally
