Recall that in June this year in Hong Kong fell through the deal to acquire apartments worth $ 57 million (almost $ 100 thousand for the quarter. M) - the buyer has already made a down payment of 5% of the total, for unknown reasons, declined to purchase the site . Likewise did those who entered into contracts for the purchase of 20 other apartments in the same building.
Related article: The volume of new housing in the suburbs to reach 7 million mHigh rates of growth in housing prices in Hong Kong are due, primarily, a deficit (and hence high cost) of building plots. In June and July, two plots of land were sold at auction for $ 1.3 billion and $ 1.4 billion government plan to tackle this problem by draining part of the coastal shelf.
However, experts believe that the residential real estate in the region continue to grow in value. Knight Frank analysts predict that by 2011 its value will rise by 12%.