Fear of property market crash looms in Hong Kong

Home prices in Hong Kong are the highest in the world but people are still desperate to get their own piece of real estate.

by

    Home prices in Hong Kong are the highest in the world but people are still desperate to get their own piece of real estate.

    The city has experienced a buying spree for nearly a year, pushing home prices up 23 percent.

    The last time a similar frenzy happened in 1997 and the market crashed soon after.

    Al Jazeera's Divya Gopalan reports from Hong Kong.


    YOU MIGHT ALSO LIKE

    Why is the West praising Malala, but ignoring Ahed?

    Why is the West praising Malala, but ignoring Ahed?

    Is an empowered Palestinian girl not worthy of Western feminist admiration?

    Inside the world of Chinese bitcoin mining

    Inside the world of Chinese bitcoin mining

    China is one of the main exchange markets and hosts some of the biggest bitcoin 'mining pools' in the world.

    Why some African Americans are moving to Africa

    Escaping systemic racism: Why I quit New York for Accra

    African-Americans are returning to the lands of their ancestors as life becomes precarious and dangerous in the USA.