Now that the Democratic Party has an office there, says Mr Fong, the housing department takes swifter note of residents' requests and complaints.

ECONOMIST: Hong Kong: Rats, parking and politics | The

The jump in sales of newly-built homes is of particular note, as housing construction has typically played a lead role in past US economic recoveries.

BBC: US economy shows signs of stronger recovery

It is important to note that fraud for housing can be committed by individuals who intend to occupy a property as primary residence, or by investors who intend to rent the property as a source of income or to re-sell for gain.

FORBES: These tips will help you avoid becoming the victim of fraud.