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Hong Kong housing and real estate prices defying logic - 275 square foot microflats for $722,000 in 2014
11/18/2014
A 300% increase in prices compared to 2003. Real estate experts see the prospect of a fall in the property prices as U.S. interest rates rise. Hong Kong mortgage interest rates are tied to U.S. rates. The property market collapsed in 2003 with the Asian financial crisis leading to many foreclosed homes.
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