Hong Kong home prices have brushed aside the fallout from the global financial crisis and risen about 15% so far this year. Is this the start of another bull run for bricks and mortar? Opinions differ widely.

'The market might take a breather in the short term because the economy is yet to show a sustainable recovery,' said Adrian Ngan Wai-hung, an executive director of securities house CCB International. 'It's not rational for home prices to grow so much in such a short period.'

South China Morning Post