10.12.2012 - Hong Kong housing market 'painfully slow', says Patrick Chow
Hong Kong home sales are mired in a slow and painful contraction and estate agents predict a recovery is not on the cards until after the Lunar New Year. "The market is painfully slow," said Patrick Chow Moon-kit, head of research for Ricacorp Properties. "The situation will last for a while." Chow predicted an improvement might only be seen after the Lunar New Year in February, but perhaps even later. "In light of a decline in demand from Hong Kong and mainland investors, it is hard to say when the market will stage a recovery."..............................................Full Article: Source
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