Fear of property market crash looms in Hong Kong

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Home prices in Hong Kong are the highest in the world but people are still desperate to get their own piece of real estate.

The city has experienced a buying spree for nearly a year, pushing home prices up 23 percent.

The last time a similar frenzy happened in 1997 and the market crashed soon after.

Al Jazeera’s Divya Gopalan reports from Hong kong.


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Category
News & Politics
Tags
Hong Kong, China, Al Jazeera
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