Real Estate
Hong Kong Property Just Hit an All-Time High
- Prices rose for a 16th straight week, data Friday showed
- Values have now surpasssed a previous high set last August
Residential buildings stand in Hong Kong, China.
Photographer: Justin Chin/BloombergIn the world’s most-expensive real estate market, the sky’s the limit.
Property prices in Hong Kong reached an all-time high Friday after relentless gains over the past three months. Home values in the city have now broken their previous record set last August, Centaline data show, making the correction from mid last year through January look like a temporary blip.