Hong Kong Luxury Property Bubble Worries Central Bank

Following on from a new record high price for a luxury apartment in Hong Kong last week, regulators have moved to slow things down in the ultra-high end of the market. Although the rest of the market is still suffering, a good proportion of the recent Chinese government stimulus money seems to be making it’s way into luxury real estate in Hong Kong and fears of another bubble have prompted the cetral bank to up the deposit requirements for luxury property to 40%.

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