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Real Estate Briefing - Categorized | Finance, Market Moves more

Beijing: Hong Kong has property problem

Posted on 28 June 2011

Property has had a renewed focus in Hong Kong in the past week as a bubble in prices has officially been recognized as a problem. Hong Kong’s Chief Executive Donald Tsang went as far as to describe property prices as “quite frightening,” raising expectations of a new round of measures to stem price rises.
There have been numerous warnings on the property market as prices surge past the bubble high of 1997, including one from the Hong Kong Monetary Authority (HKMA) that unsustainable lending practices posed a risk to Hong Kong’s wider financial system………………………………………..Full Article: Source


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