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Hong Kong property transactions drop drastically in April

Posted on 09 May 2011

The surge of the last 24 months in the Hong Kong real estate market appears to be coming to an end. Higher lending rates and government action has created a 38 per cent drop in property purchases in April compared to the same month last year and a 27 per cent decrease from March.
Banned under its constitution from limiting incoming capital flow and with its currency still pegged to the weakening US dollar, the amount of money in circulation in Hong Kong has skyrocketed in recent years……………………………………….Full Article: Source


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