Hong Kong real estate, already the most expensive in the world, may become even pricier in 2011.

In a recent report, investment bank Credit Suisse says the region's house prices and office rents could soar by as much as 30%, and retail rents by 15%, this year.

Credit Suisse's Head of Hong Kong, Property and Conglomerates Research Cusson Leung believes that excessive liquidity, low interest rates and a weakened US dollar will lead to higher prices.

Property prices in Hong Kong have risen by around 50% in the last two years, prompting the government to impose cooling measures such as releasing more land and raising property taxes  in an effort to curb prices.

Source: Forbes.com