Apr
09
Hong Kong Property Prices Are Near Their Peak: JPMorgan
By-
Fixing stamp duty loophole to help reduce speculation
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Office landlord stocks, Cheung Kong Property mostly preffered
Hong Kong housing prices are close to their peak and economically “unsustainable,” said Cusson Leung, managing director at J.P. Morgan Chase & Co.’s Asia Pacific equity research unit.
Price increases in the world’s most expensive home market have outpaced Hong Kong’s gross domestic product growth “significantly” since 2009, and any external shocks could trigger tighter liquidity in the city’s banking system, increasing home buyers’ borrowing costs, Leung said in an interview…
Hong Kong Property Prices Are Near Their Peak: JPMorgan
