The World's Most Expensive Housing Market Just Got Even Pricier
Light displays celebrating the 20th anniversary of Hong Kong's handover from Britain to China are shown on building facades ahead of Chinese President Xi Jinping's arrival in Hong Kong, China, on Wednesday, June 28, 2017. Hong Kong is making preparations to mark the 20th anniversary of the former British colony's return to Chinese rule, with July 1 marking the first time Xi will visit the city since taking office.
Photographer: Anthony Kwan/BloombergThis article is for subscribers only.
The world’s priciest housing market got even more expensive in the second quarter.
Hong Kong’s housing affordability ratio, which measures the proportion of income spent on mortgages, worsened to about 67 percent for the quarter, the government said Friday, up from 56 percent in the year-earlier period.