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Hong Kong home sales fall to 2-year low on curbs, rates concern

Posted on 05 May 2011

Hong Kong home sales fell to the lowest volume in more than two years in April as government curbs and rising mortgage rates sapped demand after a price surge since 2009.

The number of units that changed hands last month declined 37.6 percent from a year earlier to 7,635, according to a statement on the Land Registry website yesterday. That’s the lowest since March 2009, according to data compiled by Bloomberg……………………………………….Full Article: Source


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