30.09.2011 - Soft landing for Hong Kong realty
Hong Kong Financial Secretary John Tsang predicted a "soft landing" for the real estate market and said the city will keep its currency peg to the dollar, blamed for helping drive home prices up about 70 per cent. "There have been ups and downs but the peg has come through for us," Tsang said in Chicago. As for the property market, "transactions have fallen and prices are starting to trend down slowly," he said..............................................Full Article: Source
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