04.12.2012 - HK loses shine on high property prices
Soaring property prices have diminished Hong Kong's allure as one of Asia's top investment destinations, according to a survey. The yearly survey, titled Emerging Trends in Real Estate-Asia-Pacific 2013, covers 22 Asia- Pacific cities and was conducted by PricewaterhouseCoopers and the Urban Land Institute from September to October. The survey tries to assess each city's investment prospects in the real estate industry in the coming year. Hong Kong ranks 11th for 2013, behind Shanghai and Singapore which take the second and third spots respectively. Jakarta tops the list. About 400 property industry professionals from the Asia-Pacific region were interviewed...............................................Full Article: Source
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