24.06.2011 - Hong Kong waits for the real estate bubble to burst
Prices have zoomed up close to 70 percent since the start of 2009 the 24.2 percent rise for the 12 months through the end of March alone put Hong Kong at the top of a comparison of 50 countries, according to a report released this week by the Knight Frank agency. The activity has left many owners and investors wondering if the notoriously volatile Hong Kong market is about to shift again. Several analysts are suggesting the market is headed for a downturn of as much as 30 percent...............................................Full Article: Source
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