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Reuters: Hong Kong's sky-high property prices prove resilient in face of protests

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https://www.reuters.com/article/us-h...-idUSKBN1WE01T

Lily Chow, a 32-year-old clerk, is among the lucky ones. She and her husband recently snapped up a two-bedroom apartment off the plans for HK$7.5 million ($957,000) in the New Territories.“I am not confident in the government, outlook or economy. I am only confident that Hong Kong property prices will not drop,” Chow told Reuters in the sales office of the development.

“The political environment is shakeable, but I am pretty sure the property market is unshakeable,” said office assistant Candy Lau, 32, as she queued for an HK$8 million, 273 sq ft, one-room apartment...

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Is it all these Hongkies earn big money like nobody's business? I don't think so. A white collar office worker earns an average of $HK25,000/month. No need to eat, drink, transportation, leisure, pay tax, ground rent, stamp duty, service charge, bring up kids ar? Knn.

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