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South East Asian and Hong Kong property markets : ウィキペディア英語版 | South East Asian and Hong Kong property markets
Ever since the 1997 Asian financial crisis, property markets have greatly developed through the years. Asian governments have improved the financial stance associated with the structure of housing finance, allowing more access to a diverse range of mortgages products.〔(【引用サイトリンク】title=The Structure of Housing Finance Markets and House Prices in Asia )〕 Housing in Asia has an important role in economic growth. In the early 1990s large urbanization in Hong Kong, Singapore, Thailand, Philippines and other Southeast Asia countries brought about a large housing price appreciation. Asia attracted global economic interest up until the economic crash of 1997. A decade later, the Asian economy has been stabilized, and has allowed the property market to advance. As a result, foreign investment is continuing to grow. The market is currently experiencing a 50% increase in the amount being invested into Asian countries globally. Although some countries in Asia may not be stable enough for international investment, the majority of the markets are expected to boom. == Hong Kong ==
Hong Kong has one of the most developed mortgage market in Asia.〔(【引用サイトリンク】title= Residential Mortgage Survey )〕 Mortgage loans account for 25-30% of bank loans in Hong Kong.〔 Land ownership and land restrictions by the government risk inefficiencies with housing supply and demand. In 1998 there was a property price collapse; from 1997 to 2003 Hong Kong residential property prices fell by 61% 〔(【引用サイトリンク】title= Hong Kong Property Prices Drop 61% below peak )〕 following the Asian economic crisis. Investigations show that there is a distinct correlation between lending and property prices and that the influence is thought to have come from the property prices to the bank credit rather than the other direction.〔Bank Lending and Property Prices in Hong Kong: (2004) Journal of Asian Economics- Hong Kong Institute of Money Research by Stefan Gerlach and Wensheng Peng〕 Hong Kong is known for having one of the most expensive real estate sector in the world, in both commercial and residential space. As property value increase, the tendency with Hong Kong property owners is to leave property vacant whilst waiting for a better time to sell it on. This subsequently raises the vacancy rate. (For example in 2007, the vacancy rate for residential properties in Hong Kong was close to 2.5% with an 11% increase in the value of residential properties).〔(【引用サイトリンク】title=Hong Kong Property Market )〕
抄文引用元・出典: フリー百科事典『 ウィキペディア(Wikipedia)』 ■ウィキペディアで「South East Asian and Hong Kong property markets」の詳細全文を読む
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