Hong Kong's Hot Properties

Hong Kong's ultra high-end residential areas such as The Peak and the South Side are seeing houses selling at about HK$300m (S$53m) and are still moving north due to very tight supply.

This year, about 18 new houses are available at The Peak, 11 at the South Side and 165 at Mid-Levels. Only about 1,000 units in residential sector are estimated to be completed in 2008.

As inflation and rents are going up, more people choose to buy. In Nov 07, the number of S&P rose to 15,759, biggest jump in a single month since Jul 97.

* AsiaOne-HK *