buy
1. Mass market prices still shy of 97 prices, mid luxury end just getting there now......property markets usually double every 7-10 years.
2.We crossed into negative interest rate territory around January ie, interest rates lower than inflation........the last time this happened was 1990 and over the next five years prices tripled. This did lead to 97 bubble however! Check HK gov website for stats.
3. Stock markets a bit wobbly...... generally cash flows into property after/during stock uncertainty(look at property rises between Nov-Feb!)
Do the numbers, its cheaper to buy and service a mortgage at the moment than it is to rent so one of two things should happen. 30% rise from here a cakewalk!!