Hugo Restall sells his Hong Kong pad and ponders the Chinese real estate bubble, noting that US...

|By:, SA News Editor

Hugo Restall sells his Hong Kong pad and ponders the Chinese real estate bubble, noting that US housing prices peaked at 6.4X average earnings, while Beijing's stand at 22X. Restall dismisses lack of gearing in mortgages as a mitigating factor, saying the leverage comes from elsewhere.