Hong Kong’s homes may set price record in one or two months as property buyers shrug aside talk of emigration, JPMorgan says

US investment bank JPMorgan said emigration has had little effect on Hong Kong’s property market, and that home prices were on course to set a record in a month or two’s time.“The chances of breaking the record are very high, because [home prices are] just 1 per cent to 2 per cent from their peak,” said Cusson Leung, head of Asia property research at JPMorgan. Leung also said he expected prices will rise 5 per cent to 10 per cent this year.Strong housing demand from local users in Hong Kong,…

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