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HongKong: Home market in stalemate after curbs

Posted on 29 November 2012

Property market buyers and sellers seen adopting wait-and-see attitude. A month after the Hong Kong government unveiled its toughest measures to curb skyrocketing home prices, the market is now at a stalemate as the transaction volume is stuck at an extremely low level while home prices are continuing to stay at record high levels, with both buyers and sellers adopting a wait-and-see attitude.
The stalemate is likely to stay for a few months, analysts believe………………………………………..Full Article: Source


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