Housing in HK

Most of us in HK properly know that the housing prices are surging in the past 6 months and it seems that the trend continues. For those who want to purchase a home, they need to pay a higher and higher price and it looks like that their dream house is far away.

The government, along with property developers, are the only ones who deny the existence of a housing bubble. Everyone else knows the fact. If the housing prices increased by 20, 30 or even 40 percent in the past six months and this situation continues but our salary increment could not match them, it means that we are having a bigger and bigger bubble.

More people cannot afford the current housing prices means that these prices finally will fall and it's only a matter of time. So if you really want to purchase a dream home, I suggest that you had better wait. Set a price level that you think is reasonable and you can afford it, and hit it when the moment comes - the housing price drop to your set level.