17.08.2010 - HongKong: Soaring prices: Home buyers on the losing end
From Chinadaily.com.cn: Ordinary Hong Kong people who want to get an apartment of their own may be at a loss these days, even if they seem able to afford a down payment and monthly installment. The city's home prices have ridden a rocket-like recovery after a temporary fall during the financial crisis. Property analysts believe many of the city's properties are no longer worth investing. "Hong Kong home buyers who missed the last entry point are in pain right now, especially those who are determined to have a place of their own," CLSA's property research head Nicole Wong told China Daily..............................................Full Article: Source
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