Hong Kong has some of the world's largest property developers who have built some of the highest quality buildings anywhere, according to a friend who is a structural surveyor.
Nevertheless, with America's rate cycle continuing to rise, mortgage loads in Hong Kong are rising. All of which means that affordability is getting hit. In other words, people are finding it tougher to service their mortgages, and that of course scares off new buyers.
Money-saving implications: Exit the following Hong Kong residential developers:
CHEUY-HLDCY 1-yr comparison chart: