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HK weekend sales of homes slumps on property curbs

Posted on 22 November 2010

From Taipeitimes.com: Weekend sales of used homes in some of Hong Kong’s biggest private housing estates fell 83 percent from the previous week as the government imposed additional taxes and raised down payments to curb surging prices.
The number of transactions fell to 10 on Saturday and yesterday at projects including Tai Koo Shing in the Island East district and Mei Foo Sun Chuen in Kowloon, Centaline Property Agency Ltd , the city’s biggest privately held real estate broker, said in a statement yesterday. There were 59 deals the previous weekend, the broker said last week……………………………………….Full Article: Source


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