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Hong Kong developers slam ‘heavy’ property cooling measures

Posted on 24 November 2010

From AFP: Property developers on Tuesday criticised government measures to rein in Hong Kong’s soaring property prices, saying they will scare off ordinary home buyers rather than wealthy speculators.
New World Development managing director Henry Cheng described the proposed measures, which include a sharp hike in stamp duty, as “a strong dose” that will do as much harm as good……………………………………….Full Article: Source

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