Voice of America: Hong Kong Luxury Home Buyers Line Up Amid Talk of Last Hurrah

Voice of America Voice of America is an international news and broadcast organization serving Central and Eastern Europe, the Caucasus, Central Asia, Russia, the Middle East and Balkan countries

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Hong Kong Luxury Home Buyers Line Up Amid Talk of Last Hurrah Nov 4th 2013, 01:38, by webdesk@voanews.com (Reuters) In a shopping mall in one of Hong Kong's prime retail districts, more than 100 people wait patiently to take a lift to the sales floors - not to buy luxury bags or clothes, but high-end apartments with price tags of up to $4.4 million.   Foster Lee, a 30-year-old banker, was among the lucky ones who won the chance to buy a unit after a ballot in which more than 1,600 people signed up for just 80 luxury units on offer.   "I was expecting home prices to fall four years ago and ... Media files: 9905F757-FE72-4DF1-887E-748D30490A6A_cx0_cy3_cw0_w800_r1.jpg (image/jpeg, 0 MB)

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