I visited Hong Kong recently and took some time off to indulge in trying to understand its fairly complex property market, especially the residential sector, so that some broad comparisons can be made against the backdrop of the Malaysian market.
Hong Kong is well known as a free-wheeling, laissez-faire society, with a very free market, low taxes and minimal regulations. It is also a gateway to, and from China, and has its currency, the Hong Kong dollar, tied to the US dollar, which also means that the level of interest rates and liquidity is determined by monetary policy set in the United States.