As if the possibility of getting tear gassed during a late night search for noodles isn’t enough, Hong Kong residents are now being warned by a Swiss bank that they need to worry about the value of their homes collapsing.
HK Unsustainable, SG Set for Rebound Says UBS Housing Bubble Survey
An annual study of housing markets worldwide by investment bank UBS has identified Hong Kong as one of the world’s riskiest places to buy a home, while sizing up Singapore as a market ready for an upswing.
In its 2017… Read More>>
UBS Bubble Index Shows Impact of Chinese Investors on Vancouver, Sydney
As housing markets on the mainland have started to look more dicey, Chinese home buyers have flocked to global gateway cities such as Vancouver and Sydney, driving up home prices and stunning local residents.
Analysts have cautioned that mainland capital… Read More>>
Hong Kong and London Lead List of World’s Biggest Housing Bubbles
Surfing twin waves of credit from the US and China that have driven prices up by 60 percent in the last eight years, Hong Kong has become one of the world’s most unaffordable places to buy a home. Now UBS… Read More>>