Property cooling steps aren’t working in Hong Kong, says JPMorgan

Singapore’s Second Minister for Finance Lawrence Wong said in a Bloomberg TV interview that the government hasn’t "made any movement in the budget" to relax the property cooling measures because "demand remains very resilient" and "property volume in terms of transactions have increased and not decreased".

So the reason we’re positioned to do that is because our inventory is more sort of full-time rental ready inventory, where we’re not working with primary residences. So I can go to a JP Morgan and say.

"They have failed to rein in property prices," says Denis Ma, head of research for JLL Hong Kong. "And, in our opinion have made the situation worse by shutting down the secondary market." Housing prices in Hong Kong have increased by as much as 80 percent since the government started introducing cooling measures in late 2009.

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Hong Kong property cooling moves set to fail as shadow lenders fill the gap Home prices in Hong Kong, where a nano-apartment of less than 200 square feet can cost as much as $500,000, have surged more than 137 percent since the financial crisis in 2008 Reuters | May 29, 2017, 13:00 IST

Hong Kong steps up efforts to cool red-hot property market. The property sub-index <.HSNP> on Hong Kong’s stock market fell 1 percent on Friday ahead of the measures, underperforming the Hang.

"Cooling measures [are] the most important issue affecting the [residential] property market in Hong Kong," says Thomas Lam, head of valuation at Knight Frank.

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"The wealth gap has increased a lot," said Cusson Leung, head of research for Hong Kong property and conglomerates at JPMorgan Chase & Co. "The people. banks to lift interest rates aggressively.

But they aren’t. in Hong Kong, they said, and vanished when news of the hack broke. That means that whoever was behind the Snapchat hack is still at large, and could hire more contractors to.

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