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Hong Kong: Fears of more intervention as home sales rebound

Posted on 04 February 2013

Home sales and prices have begun to rebound in Hong Kong, triggering concerns that the government might intervene again to keep the lid on demand if activity gains too much momentum. Sales and prices have improved despite a decline in demand from mainland and corporate buyers, whose purchases have slowed since the authorities introduced taxes aimed at non-local and corporate buyers late last year.
Home prices retreated by 1.6 per cent from a record high after the introduction of a new buyers’ stamp duty and adjusted special stamp duty on October 27. But prices have since recovered and are back at fresh highs, according to Macquarie Securities……………………………………..Full Article: Source


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