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Hong Kong property sales fall on fresh housing curbs

Posted on 26 February 2013

Real estate agents in Hong Kong are reporting that its government’s latest measures to rein in one of the world’s most exuberant property markets had been an overnight success. After Friday’s announcement by the special administrative region’s administration that it is imposing higher stamp duties on property transactions along with home loan curbs, buying activity fell drastically over the weekend.
On Friday (February 22), Hong Kong government officials announced a new round of measures to stabilise the SAR’s housing market and overall financial system………………………………………..Full Article: Source


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