19.04.2012 - Volatility in HK property market to ease; price rise limited
Hong Kong’s property market is set to stabilize following a volatile 2011, with home prices projected to rise 10 percent this year, a moderate increase compared to the huge gains seen in 2009 and 2010, industry watchers tell CNBC. Last year, the sector was characterized by price swings – with home prices accelerating 13 percent in the first-half, but falling 5 percent in the second-half on growing fears over a global economic slowdown and the euro zone debt concerns. Price declines in the second half of the year meant that average home prices grew 8 percent over 2011, according to Nomura research...............................................Full Article: Source
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