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150128 ||| eng |
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|a 9781455210800
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| 245 |
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|a Are House Prices Rising too Fast in Hong Kong SAR?
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2010
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| 300 |
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|a 19 pages
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| 651 |
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4 |
|a Hong Kong Special Administrative Region, People's Republic of China
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| 653 |
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|a Interest rates
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| 653 |
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|a Inflation
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| 653 |
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|a Real Estate
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| 653 |
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|a Finance
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| 653 |
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|a Infrastructure
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| 653 |
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|a Economic Development: Urban, Rural, Regional, and Transportation Analysis
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| 653 |
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|a Financial services
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| 653 |
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|a Real interest rates
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| 653 |
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|a Urban, Rural, and Regional Economics: Housing Demand
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| 653 |
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|a Deflation
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| 653 |
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|a Nonagricultural and Nonresidential Real Estate Markets
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| 653 |
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|a Housing Supply and Markets
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| 653 |
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|a Housing
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| 653 |
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|a General Financial Markets: General (includes Measurement and Data)
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| 653 |
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|a National accounts
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| 653 |
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|a Asset prices
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| 653 |
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|a Property & real estate
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| 653 |
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|a Price Level
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| 653 |
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|a Saving and investment
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| 653 |
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|a Banks and Banking
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| 653 |
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|a Prices
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| 653 |
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|a Macroeconomics
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| 653 |
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|a Interest Rates: Determination, Term Structure, and Effects
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| 653 |
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|a Land prices
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| 653 |
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|a Housing prices
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| 710 |
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|a International Monetary Fund
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| 041 |
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|a eng
|2 ISO 639-2
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| 989 |
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|b IMF
|a International Monetary Fund
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|a IMF Working Papers
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| 028 |
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|a 10.5089/9781455210800.001
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| 856 |
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|u https://elibrary.imf.org/view/journals/001/2010/273/001.2010.issue-273-en.xml?cid=24403-com-dsp-marc
|x Verlag
|3 Volltext
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|a 330
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| 520 |
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|a Sharp increase in house prices in Hong Kong SAR in 2009-2010 has led to concerns of an emerging real estate bubble. According to our measure of price deviation from fundamentals, which should be taken as an early warning indicator of market exuberance, the current level of house prices in Hong Kong SAR does not seem to be significantly higher than would be justified by underlying fundamentals. Moreover, unlike advanced economies before 2007-8, deviation from fundamentals has not been persistent in Hong Kong.Going forward, low interest rate and improving growth prospects, as well as a tight supply, particularly in the mass market, means that house price growth will continue to be strong.This is the period in which vulnerability may be accumulating, and tight prudential standards and fiscal measures will be required to tame price inflation
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