The burst of the bubble was one of the reasons for the 70% drop in home prices in the previous downturn. Now, its existence has also become the most debatable issue in the Hong Kong property. On one hand, a buyer paid HK71,280 per sq ft, a proclaimed world record, for a duplex in Hong Kong Mid-Levels. With a growth of 25% in the first three quarters, property prices have outperformed the overall economy. At a glimpse, the property market may look frothy. But on the other hand, the property market has not been speculative. Indeed, veteran investors have stood on the sidelines and loan growth in mortgage market has been benign. And if we take a closer look on the prices for some popular estates, we still can find a lot of properties valued at below two million dollars.
To help our fellow members understand what is going on the ground, we are delighted to have two market professionals to speak for our association. Details of the seminar are as follows:
Date: 13 Nov 2009
Time : 7:00pm – 9:00pm
Venue : 2505-8, Worldwide House, 19 Des Voeux Road Central, Central, Hong Kong
Topic 1 : Property Cycle Investing, Change in the love-hate relationship between Hong Kong people and property market
Speaker : Gordon Tse, Senior Corporate Development Director (Midland Holdings Limited)
Topic 2: No Equality : Relative price performance among districts
Speaker : Buggle Lau, Chief Property Analyst (Midland Holdings Limited)
For registration and enquiry, please send an email to events@hkyaa.org
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