Even though rising property prices are causing massive problems for many, at least they are trying to combat a risk of a property market bubble burst.
Living in a country where ours burst 5 years ago has been hell. I don't own property but you cant escape it.
I think the main concern for people considering moving to Hong Kong should be this. A property market crash could lead to a banking industry bailout
It doesn't matter if houses are cheap to buy then, you still wont have the money! The economy will shrink, working hours will reduce and your taxes will go up!