After a 10% Market Decline in Late 2015 to Early 2016, Hong Kong Home Prices Resume Their Relentless Upward Trend in late 2016

After a 10.12% market correction from its peak of 350.31 in the 3rd Quarter of 2015, Hong Kong home prices bottomed out in the first half of 2016 to 314.84 (2016 Q1) and 315.30 (2016 Q2).  In the third quarter of 2016, they resumed their relentless upward trend, jumping 6.91% in just one quarter to reach 337.09% but still below the peak of 350.31 posted in the 3rd Quarter of 2015.

How low can Hong Kong Property Prices Go? Some Clues from the Not Too Distant Past