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HK efforts to cool property market take effect

Posted on 28 November 2012

Government efforts to rein in Hong Kong’s soaring housing market appearing to be showing results. Home prices in the city fell last week, according to the Centa-City Leading Index, marking the first week-on-week easing after eight straight weeks of gains.
The index showed prices cooling an average 0.55% from a week earlier, paring the-year-to-date price gain to 21.7%. Nomura analysts said the price cooling is the first sign that government efforts to curb soaring real estate prices are beginning to have a meaningful impact………………………………………..Full Article: Source

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