Third spot: A file picture showing residential buildings in Hong Kong. While Hong Kong topped the list last year as the city most at risk of a property bubble, this year it fell to the No. 3 spot, overtaken by Munich, in first place, and Toronto. — Bloomberg
SINGAPORE: A weaker economic outlook that’s cooled residential buyer sentiment has stalled Hong Kong’s red-hot property market. But it isn’t out of bubble territory yet.
That’s one of the findings of UBS Group AG’s Global Real Estate Bubble Index 2019, released yesterday.
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