08.02.2013 - Hong Kong: Property `cure' that could kill the market
Government measures to regulate the property market get tougher with each move, but market reaction has grown calmer and calmer. The corrections in property prices get smaller and smaller too as they last shorter periods. Some in the market consider the Buyer's Stamp Duty and Special Stamp Duty to be heavy-handed, but the Centa-City Index that reflects property prices dropped slightly from the 116.8 high in November to 114.3, a correction of 2percent, and that lasted for only four weeks...............................................Full Article: Source
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