RESIDENTIAL PROPERTY | Staff Reporter, Hong Kong

Property sector proves Hong Kong and Singapore are polar opposites

Property prices declining in Singapore, but reaching new heights in Hong Kong.

According to Bloomberg, whether you look at prices or policy, the property markets in Singapore and Hong Kong are marching resolutely in opposite directions.

Singapore has eased some rules in its property market, after more than three years of home price declines. Hong Kong in November tightened some restrictions, after prices rallied following a short-lived dip last year. The curbs in Hong Kong have had little impact so far, with existing home prices rising to all-time highs amid brisk demand from buyers.

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