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Real Estate Briefing - Categorized | Market Moves, People more

Soft landing for Hong Kong realty

Posted on 30 September 2011

Hong Kong Financial Secretary John Tsang predicted a “soft landing” for the real estate market and said the city will keep its currency peg to the dollar, blamed for helping drive home prices up about 70 per cent.
“There have been ups and downs but the peg has come through for us,” Tsang said in Chicago. As for the property market, “transactions have fallen and prices are starting to trend down slowly,” he said……………………………………….Full Article: Source

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