HK and Shanghai Property Go Different Directions

Category: Real estate, Posted:12 May 2011 | 06:00 am

According to a report in the South China Morning Post Hong Kong and Shanghai real estate are headed in different performance directions.
On the heels of research by Savills and Jones Lang LaSalle mainland China darling Shanghai could see value decline by as much as 10% this year.
Lead indicators in the big chill have been new tax legislation and a ceiling imposed on new purchases aimed to stem widespread speculation.
While Hong Kong is on the flip side of the coin with leading experts looking at a 10% rise through 2011.
The SAR continues to be one of the regions hottest property storylines with little indication of a flattening anytime soon.

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