Ghost of the 1997 Crisis Stalks Hong Kong's Economy

The video discusses the Hong Kong property market, comparing current conditions to the 1997 crisis. It highlights that while property prices are high, the market lacks the mania seen in bubbles. Affordability is stretched, but low interest rates and taxes help. The HKMA is cautious about financial risks, not social affordability. Chinese investors are active in land, not housing markets.

What historical event coincided with the handover to China that impacted the Hong Kong property market?

• The Asian financial crisis

• The global financial crisis

• The dot-com bubble

• The European debt crisis

What is one key difference between the current Hong Kong property market and the 1997 scenario?

• Higher transaction volumes

• Lower lending levels

• Increased foreign investment

• Higher interest rates

What has been the trend in housing prices in Hong Kong since 2001?

• Fluctuated without a clear trend

• Decreased by 50%

• Increased by 200%

• Remained stable

Why are Hong Kong's interest rates considered low compared to other developed countries?

• They fluctuate with the market

• They are below 3%

• They are above 6%

• They are fixed at 5%

What is the primary concern of the HKMA regarding the Hong Kong property market?

• Risks to the financial system

• Environmental impact

• Social effects of affordability

• Foreign investment levels

What is the average debt to equity ratio for Hong Kong property developers?

• 15%

• 60%

• 30%

• 50%

What percentage of land sales in Hong Kong have been driven by Chinese investors recently?

• 10-15%

• 50-55%

• 20-25%

• 35-40%