This is an article based on potential property bubble in Hong Kong Asia-Pacific Housing Journal. According to the writer of the article, Leland Sun, Managing Director of Pan Asian Mortgage Ltd,, few places in the world have experienced the volatility of Hong Kong’s housing prices during the past five decades, as since 2004, property prices have risen a staggering 150 per cent, while earlier from 1997 to 2003 property prices fell by nearly 70 per cent. Hong Kong real estate prices have always been a hot topic of conversations. Sun provided this anecdote from Nigel Chalk, IMF Mission Chief, Hong Kong in November 2010 when he was asked his organization’s view of Hong Kong’s property prices. Hong Kong’s regular implementation of measures to slow down property price increases can serve as examples of policies that different countries can implement to slow down property prices and hopefully prevent the hard-landing of a bursting real estate bubble.