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Not really, they've mostly been saying it since 2012 when property prices doubled between then and 2009.

Hong Kong will take a hit soon enough being the most expensive property in the world. The problem is that land release is controlled by a few developers. I'm paying 2.15% on my HK mortgage but can still hold if they go to 3.5%.

That's because interest rates are cut during bleak economic conditions which causes property to boom. I don't think interest rates will go lower because it will cause more people to pile into property in an already overheated market. It will be interesting when rates start to rise and mortgage...