Sunday 16 December 2018
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scmp - 4 month ago

Supply shortage means home is where the hardship is for Hong Kong

Our property prices are now the most expensive in the world. The average floor area of new flats keeps shrinking. Due to fears of property prices outstripping earnings, the masses have scrambled to buy flats, with the consequence of further driving up home prices. Contrary to conventional thinking, I encourage young people to buy homes as soon as their financial situation permits, as a hedge against the future. It is a worldwide phenomenon that property prices stay high in major cities where...

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