Chief Executive Officer of HSBC Holdings Plc, Peter Wong assess, at this time, the property industry in Hong Kong are at risk for bubble occurs when prices continue to increase. According to him, property prices in Hong Kong has reached its highest level."If this situation continues, it is quite likely will cause a bubble," he told Bloomberg. Currently, the Hong Kong government was working to cut home prices by 42 percent. The reason, many lower middle who can not afford to buy homes.
Based on data released by Jones Lang LaSalle Inc., home prices in Hong Kong is likely to increase by 10 percent in the second half of this year if interest rates are still low and the economy grows
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