Real Estate

World’s Most Expensive Housing Market Grinds Toward Record

  • Buyers snap up homes despite worries about Hong Kong’s future
  • Prices are rising even as economy struggles, people leave city
Photographer: Paul Yeung/Bloomberg
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The world’s most expensive property market is unstoppable.

Despite a struggling economy and a wave of emigration following years of political turmoil, demand for homes in Hong Kong -- ranging from luxury mansions to shoebox apartments -- remains unquenched.