| 01.02.2012 - Hong Kong homes face 25pct drop as loans fall in Year of Dragon |
| The Year of the Dragon, representing wealth and power in China, is shaping up to be the opposite for the world’s costliest housing market, Hong Kong. Mortgages that need to be insured by the government because of risk experienced the steepest plunge in six years in 2011, a sign the biggest home price decline since the global credit crisis is accelerating...............................................Full Article: Source |