Thomas Crampton

Social Media in China and across Asia

Hong Kong Real Estate: Adjustment Begins

Nov 26, 2008

Category: Hong Kong Tags:

As this photo taken tonight shows, Hong Kong real estate has started to plunge. One caveat before drawing conclusions: Hong Kong real estate is a peculiar market due to the territory’s low taxes, large involvement of the government and fixed exchange rate to the US dollar.

A couple jokes doing the rounds:
Q: Why have estate agents stopped looking out the window in the morning?
A: Because otherwise they’d have nothing to do in the afternoon.

Q: What is the capital of Iceland?
A: About $3.49.

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View Comments for “Hong Kong Real Estate: Adjustment Begins”

  • Real estate is really the "IN" business today worldwide.. There are lots of person really wants to enter this kind of career.. There are also many school offering course about real estate.. I think it is really important that you are educated in the career you want before entering it..
  • The real estate will hit every nation especially the asian market.
  • Heard Shenzhen is also way down. but still sounds very expensive. Still more to drop you think? Be interested in when you think there is a buying opportunity...probably not for a while.
  • I guess that I'm not surprised that the Real Estate is taking a hit in Hong Kong.
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