Hong Kong is building housing inside caverns
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1   Tenpoundbass   ignore (6)   2017 Nov 25, 11:31am   ↑ like (0)   ↓ dislike (0)     quote      

Might as well, you can't own land in China. You just get 70 year rights to it.
2   HEYYOU   ignore (4)   2017 Nov 25, 11:51am   ↑ like (0)   ↓ dislike (0)     quote      

Don't pay property taxes in Red States,lose your property. Welcome to Republican big govt. Redistribution Socialism & confiscation.
Republicans buying Communist China imports won't be able to buy anything when Republicans raise their taxes.

Love it when Republicans have nothing but hypocrisy & they suffer for it.
3   anon_fd7ee   ignore (0)   2017 Nov 25, 1:16pm   ↑ like (0)   ↓ dislike (0)     quote      

"Meanwhile, housing prices hit record highs this spring: Hong Kongers are paying nearly $1,500 per square foot. The average home costs $1.8 million."

Wow. And we complain about the BA.
They should just buy cruise ships, and live on that.
4   jazz_music   ignore (2)   2017 Nov 25, 2:16pm   ↑ like (1)   ↓ dislike (1)     quote      

All the regulations that Reagan railed against are what allowed working families to have lives beyond work and debt.

Talk about bringing back regulations and watch the parrots start screaming COMMUNISM like the fools they all are.
5   BayAreaObserver   ignore (1)   2017 Nov 26, 4:33pm   ↑ like (0)   ↓ dislike (0)     quote      

Record price rises in the world’s most expensive property market have not dampened demand, as hundreds of investors queued up on Saturday hoping to get their slice of an exclusive new development, which had been 10 times oversubscribed.

The biggest sale of the day saw one buyer take six units at Cullinan West II on top of Nam Cheong Station, including three four-bedroom units, two one-bedroom units and a single two-bedroom unit for a lump sum close to HK$153 million (US$20 million)

More than 3,600 prospective buyers had registered for the 321 units, developed by Sun Hung Kai Properties, with investors moving fast to take full advantage as prices continue soaring to stratospheric new heights.

Saturday’s sales were seen as a test for the market, given they were part of the first major development put on sale since a waterfront site in Cheung Sha Wan sold for a record HK$17.28 billion (US$2.2 billion) a week earlier – making it the city’s most expensive residential plot ever.

Property agents said the recent sale likely boosted prices in the area, as developers and individuals moved fast to take full advantage of recent price rises.

http://www.scmp.com/news/hong-kong/economy/article/2121568/buyers-waste-no-time-snapping-flats-newest-hong-kong

Hong Kong’s House Prices Could Soar Another 10% Next Year. Hong Kong’s red-hot housing market shows no signs of cooling anytime soon.

Prices in the city have climbed 11 percent this year, defying skeptics waiting for the bubble to burst and government attempts to rein in the world’s most expensive housing market through a raft of taxes and mortgage curbs.

If anything, the frenzy has intensified in recent months as investors have poured money into property. Buyers have set new records for everything from luxury homes in the exclusive Peak neighborhood to undeveloped residential land. There have also been blockbuster deals for commercial property in the heart of Hong Kong’s central district.

https://www.bloomberg.com/news/articles/2017-11-26/world-s-priciest-housing-market-seen-defying-doomsayers-into-18

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