
Hong Kong's home prices to keep surging for the next few years
Bloomberg shows three charts to prove this point.
According to Bloomberg, Hong 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.
Bloomberg shows three charts that show why Li might be right. Check them out here.