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HK property faces ‘great corrective pressure’

Posted on 05 June 2012

Hong Kong’s property market faces great corrective pressure amid threats from the euro zone crisis and macroeconomic volatility, causing uncertainty for home buyers, Financial Secretary John Tsang said on Monday.
Mainland China has seen the world’s fastest-growing prices over the last five years, up 111 per cent through the end of last year, with Hong Kong in second place at 94 per cent, according to property consultancy Knight Frank………………………………………..Full Article: Source


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