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Hong Kong home prices to fall up to 20pct, Deutsche Bank says

Posted on 18 June 2012

Property prices in Hong Kong may fall as much as 20 percent in the next 12 months as the city’s new leader sets out to increase housing supply after taking over in July, according to Deutsche Bank AG.
“The supporting pillars for the residential market over the past two years are weakening,” Deutsche Bank analysts Tony Tsang and Jason Ching wrote in a report yesterday. On July 1, “we expect the Hong Kong property market to enter a new age, characterized by normalized supply dynamics.”……………………………………….Full Article: Source


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