Hong Kong home prices ‘frightening’

Hong Kong: Hong Kong home prices are “quite frightening” as China’s growing wealth fuels increases of 2% a month.

The government may introduce more measures to slow the property market, said Hong Kong government chief executive Donald Tsang.

Buyers from mainland China of property in Hong Kong are exacerbating the territory’s shortage of land for development, leading to government efforts to curb speculation in the city’s real estate market, Tsang said.