Adjustments of Hong Kong property prices "necessary": IMF
Hong Kong (AFP) April 28, 2014 - The International Monetary Fund said Monday Hong Kong property prices are set to see adjustments following years of boom. The city's housing market has become one of the most expensive in the world - prices have more than doubled since 2008 - due to an influx of capital from the mainland and record low interest rates thanks to US quantitative easing. Housing affordability has become a ... more
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