When you hear about Hong Kong (HK), what comes up to your mind first? Gourmet food? World-class skyscrapers? Riots? Or freedom?
But what comes to an econ student’s mind is its sky-high property prices and competitiveness.
Nowadays, USD$1 million can only get you a 226 sq.ft apartment in HK.¹²
HK ranks as the top 10 most expensive cities in the globe and gains notoriety for its sky-high property prices. ???Nowadays, housing accounts as the largest purchase in people’s life. Especially in traditional Chinese culture, owning a house is seen to be a necessity to many.