Property prices pose biggest risk to Hong Kong economic stability

Just three months after Hong Kong rolled out a tough new round of property cooling measures, home prices have again climbed to record highs with demand unusually strong for new flats over the normally quiet Lunar New Year holiday break.

Hong Kong officials have stressed repeatedly that reining in the city’s property market, now one of the world’s most expensive, is a policy priority to restore affordability and to mitigate a major threat to the economy of the affluent Asian financial hub.

via Business feed http://www.scmp.com/business/economy/article/1155371/property-prices-pose-biggest-risk-hong-kong-economic-stability