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HK housing price likely to keep upward: IMF

Posted on 06 December 2010

From People.com.cn: The International Monetary Fund (IMF) said in a report published Friday that Hong Kong’s property prices are likely to be pushed even higher given Hong Kong’s buoyant economic outlook and its position as a leading recipient of global capital inflows.
The working paper, authored by Ashvin Ahuja and Nathan Porter, holds that despite sharp increases in Hong Kong’s housing prices in the past months, the current price level does not appear to be significantly out of line with the fundamentals……………………………………….Full Article: Source


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