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HSBC: Property bubble warning for Hong Kong

Posted on 10 August 2010

From Property-report.com: Hong Kong could face a property bubble if home prices continue their stratospheric rise, HSBC’s CEO for the Asia Pacific region Peter Wong told Bloomberg recently.
Home prices have surged 42 per cent since the beginning of 2009 and the Hong Kong government trying to cool things off amidst worries that ordinary residents can no longer afford housing……………………………………….Full Article: Source

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