Political Theory

Re: What caused 1997 HongKong realestate collapse?

Peter Sidor — Wed, 29 Jun 2011 14:33:16 GMT

You may want to look at the crisis enveloping much of Asia at the time, there is some more stuff to read and could lead to Hong Kong as well.

Re: What caused 1997 HongKong realestate collapse?

Sepero — Thu, 21 Jan 2010 01:38:40 GMT

Thank you all. This is good information, and I think it makes for a much more complete picture of the situation.

Re: What caused 1997 HongKong realestate collapse?

krazy kaju — Wed, 20 Jan 2010 18:55:25 GMT

Marko has it right:

Marko:

Ehm, Hong Kong 1997? That was the year of the Asian Financial Crisis. That would have played a role, no?

The Asian financial crisis could have easily caused the collapse in HK's real estate values.

Re: What caused 1997 HongKong realestate collapse?

Marko — Tue, 12 Jan 2010 18:11:06 GMT

Ehm, Hong Kong 1997? That was the year of the Asian Financial Crisis. That would have played a role, no?

Re: What caused 1997 HongKong realestate collapse?

Sepero — Tue, 12 Jan 2010 10:51:40 GMT

Good call, I'm sure that was a factor.

On the other hand, I think it may not explain the whole picture, because everyone knew in advance that HK was going to get turned over to China.

At this tme, I can only assume that the HK investors anticipated the transfer to China was going to be more lucrative for them than what it actually ended up being.

Re: What caused 1997 HongKong realestate collapse?

Stranger — Sat, 09 Jan 2010 18:18:46 GMT

Sepero:

After 1997, the prices of real estate in HongKong dropped near 70%. There was no "credit bubble" in the real estate and none of the big developers went bankrupt.

I cannot seem to find much useful information regarding this economic event online.

I was just curious to know if anyone had any thoughts or info on why this occurred.

Everyone took out their capital before Hong Kong was turned over to China.

What caused 1997 HongKong realestate collapse?

Sepero — Sat, 09 Jan 2010 13:52:39 GMT

After 1997, the prices of real estate in HongKong dropped near 70%. There was no "credit bubble" in the real estate and none of the big developers went bankrupt.

I cannot seem to find much useful information regarding this economic event online.

I was just curious to know if anyone had any thoughts or info on why this occurred.