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Hong Kong housing developers hope for better 2013

Posted on 02 January 2013

Leading players are expecting potential purchasers to return after the Lunar New Year when sentiment is likely to swing upwards. Property stamp duties announced at the end of October are leaving deep scars in Hong Kong’s housing market, with sales activity plunging about 70 per cent and prices retreating.
However, some leading developers believe that time can heal all wounds. Cheung Kong (Holdings), Sun Hung Kai Properties, Kerry Properties and HKR International are betting that buyers - local or non-local - will come back, given enough time. That could be after the Lunar Year holiday………………………………………..Full Article: Source


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