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HK home prices may fall 10pct soon, says Wheelock

Posted on 26 November 2010

From Asiaone.com: Developer Wheelock expects prices for Hong Kong residential property to fall as much as 10 per cent in coming months, a senior executive said, days after the government implemented its toughest market- cooling measures this year.
Housing prices in the territory have risen by around 50 per cent since the start of last year, with luxury apartments rising beyond previous price peaks set in 1997 because of strong buying by mainland Chinese and low mortgage rates……………………………………….Full Article: Source


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