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.

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.