local buyers

Hong Kong’s housing market has rebounded faster than expected this year, but analysts warn that rising prices may erode affordability, which had been attracting local buyers. A financial professional in his 40s, Jeremy Wong, recently married, had hoped to purchase a home but found prices increasing again.

Berkshire Hathaway acquired Taylor Morrison for US$6.8 billion in an all-cash deal, aiming to boost the US housing market. Analysts suggest this move will encourage more investment and home purchases by both domestic and international buyers.