The vicious circle in Hong Kong’s property market
It did not take long for the government to act against Hong Kong’s prevailing, red-hot residential market. Thomas Lam, Director and Head of Research, Greater China at Knight Frank, pointed out that while its actions are unlikely to have a material impact on the market in the short term, investors should keep an eye on the longer term, as the market may eventually lose its steam when supply gradually catches up with domestic demand.