According to the CEO Asia-Pacific division of the bank HSBC Holdings, Peter Wong (Peter Wong), the risks of "bubble" in the real estate market in Hong Kong continue to rise.
In the II quarter of 2010 the value of residential property in the secondary market increased from the previous quarter at 1.8%. New buildings have fallen in price on 0,3%.
In II quarter in the construction of commercial real estate in the country had invested 10.1 billion Canadian dollars ($ 9.8 billion). This is 1,2% more than in I quarter.