Posted by
OffThePeak
14 yrs ago
People are buying properties because interest rates are cheap.
When they buy something and pay a 1-2% interest rate, they are saving money relative to the "normal" yield of 3% or so.
If you think prices are "expensive" then blame HK's interest rate policy.
A property purchase now is a bet that prices will not drop much in the long term, since if prices merely "trade sideways", then the property owner is better off.
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