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HK: Bull housing market spurs on developers

Posted on 11 January 2013

Home prices at the 50 major estates in the territory soared 22 percent last year, according to Ricacorp, which forecasts that prices will gain 10percent this year despite the latest cooling measures adopted by the government.
In December, average transactional prices at the major housing developments had stood at HK$7,552 per square foot since the third quarter in 2012, surpassing the 1997 figure of HK$7,012 psf. On top of that, 12,628 car parking spaces were sold last year, rising to a 17-year high and involving HK$8.24 billion………………………………………..Full Article: Source

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