79% of people in Asia Pacific region think house prices are unreasonable
According to a recent surveyed by YouGov, 79% of respondents in the Asia Pacific region think that house prices in their market are not reasonable. Among the countries survey, Hong Kong felt this the most with 91% of people saying that home prices in the area were not reasonable or affordable, followed by Malaysia at 90%. To solve the housing problems in their respective countries, 48% of the respondents thought that it was up to the government to introduce tax reductions in order to relieve households' burden in home mortgages.

Home prices in the crowded city have risen by 120 per cent since 2008, and by more than 30 per cent from their previous peak in 1997, with prices in the luxury market being pushed up by wealthy buyers from mainland China. Photo: AFP